I own 3000 C/PV i have been called bought at avg price of 24.78 in 2011
75k earning 7.125 coupon down th tubes...I guess its more LINE, EEP, PSEC for me.
I am afraid BML/PQ will go this year too. I have 6000 of those.
I sold mine today Onion.
They got locked under E*trade for the last 2 days, so I wasn't able to sell them on Tuesday or Wednesday.
I have a bad feeling BML.Q is next as soon as it can be called since BOFA just announced they were buying back around 5 Billion in prefered.
I might go into BDC's a bit or higher yield bonds as a replacement.
Onion !!I sold some AGOPRB today for $25.55 just after Dividend. I have a feeling a correction will bring back to $25ish before next quarter. I sold two more that i paid high premium for a extra divy because i wanted some cash on hand.. That EEP and EEQ seem to trade more live bonds that MLP. With a good correction there will be many buys to be had.