I have posted this on the three message boards, apologies for the triplication.
I would be very grateful if someone could help me understand the difference between the ING preferreds ISG,ISP,ISF,IND,INZ,IDG,IGK .
Are they all the same from tax and security point of view. Is any of them more secure than the other? Am I right that all are traded dirty(the accrued dividend/coupon is in the price)? The difference in the ex-date,call-date and rate of dividend/interest is clear.
Could anyone in the board help me understand them as I plan to buy some of them and have some them.
One of the reasons for the doubt/confusion is that IGK yields less than IND and IDG. I was expecting it to be the other way around. The market generally gets the price right, so I was wondering if I am missing something very obvious and made a mistake in investig in IND/IDG.
the biggest difference is liquidity some of these just have more volume and are easier to get in and out. (IGK vs ISF). Some have higher coupon and somewhere in the prospect-i there is detail about which are div accumulative. I'd look at http://www.quantumonline.com/ summaries for each
I love my ING capital hybrid preffereds but occasionally leave and come back.