I have been a big fan of these for some time. S&P has them just one notch below investment grade and they have paid every divvy since 1997. Of course, they could be called anytime, and I'm not sure whether they will qualify as Tier 1 capital. I would hate to see them called, love the nearly 8% current yield. My actual yield is just over 10%, and I would have some capital gains tax to pay. So, just hope they aren't called and the bank stays strong.