The nav has been remarkably stable since inception. The problem is there's still a premium of 5%. If this will be eroded I will buy it and keep it as perfect place to park cash. Under $24 it would be great
I think 25 will be bottom for now on DBL. Has a good pedigree and divy isnt shabby at all. Financial advisor wants me to buy preferreds in RBS (royal bank of scotland). I think he's nuts. Will put in at 25 for DBL.
The story of the preferred of RBS is still valid but risk reward is not good as it was last December. I think u mean preferred T that resumed paying a dividend. My friends at Senvest hedge fund made a ton of money on that.