The Hybrid Advantage: Why Preferreds Are Preferred

    by John Deysher

    The last few years have been tough for yield-oriented investors. Interest rates are low, credit spreads are at historical lows and the world is awash in liquidity. As a total return–oriented portfolio manager, I'm constantly on the lookout for income vehicles that can augment our holdings in low-yielding common stocks. One solution: preferred stocks.

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