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X @The Block
The Block· 2025-07-02 17:34
Investment Opportunity - Strategy's preferred shares provide attractive income [1] - Preferred shares offer reduced volatility compared to MSTR shares [1] Analyst Perspective - TD Cowen highlights the compelling income opportunity [1]
Annaly Preferred Shares Face Off
Seeking Alpha· 2025-06-18 22:38
Core Viewpoint - Preferred shares are presenting an attractive investment opportunity with a yield of approximately 9.5%, offering a balance of income and stability for investors seeking consistent returns [1][13]. Investment Characteristics - Preferred shares rank above common equity in the capital structure, providing a lower risk profile compared to common stock, particularly in the mortgage REIT sector [2]. - Annaly Capital Management's preferred shares, specifically NLY-F, are highlighted for their low risk rating of 1 on a scale of 1 to 5, indicating a safer income investment [3][11]. Specific Share Analysis - NLY-F is currently priced at $25.18, with a yield of 9.48% and an annualized dividend of approximately $2.3881, making it a more attractive option compared to NLY-G, which has a lower yield and dividend [5][8]. - NLY-F and NLY-I are noted to pay about $0.20 more in dividends annually than NLY-G, justifying their higher price [9]. Call Risk and Market Dynamics - There is a potential call risk associated with these preferred shares, as the company can call shares with a 30-day notice, but this risk can be managed by selecting appropriate entry prices [7][12]. - The market conditions may influence the performance of these shares, with NLY-F and NLY-I expected to hold up better during periods of market stress compared to NLY-G [12]. Final Recommendations - For long-term investors seeking steady returns, NLY-F and NLY-I are recommended over NLY-G, despite a slight call risk, due to their strong backing and attractive yields [13].
Regency Centers: Stability And Profitability Through Preferred Shares
Seeking Alpha· 2025-06-03 18:52
Core Viewpoint - The article discusses Regency Centers Corporation, a REIT with strong credit ratings from Moody's ("A3") and S&P ("A-") [1]. Group 1: Company Overview - Regency Centers Corporation is highlighted as a REIT with a very good credit rating, indicating financial stability and reliability in the market [1]. Group 2: Investment Insights - The article invites active investors to join a free trial for insights on mispriced preferred stocks and baby bonds, along with weekly reviews of over 1200 equities [1].
Gabelli Global Utility & Income Trust Announces Additional Put Dates for Series B Preferred Shares
Globenewswire· 2025-04-28 20:00
Core Points - The Gabelli Global Utility & Income Trust has approved additional put dates for Series B Preferred shareholders, with an annual dividend rate of 5.20% [1][2] - Shareholders can put their shares to the Fund during specified 60-day periods until June 26, 2027, after which the shares will become perpetual [2] - The Series B Preferred Shares were issued at $50.00 per share on December 19, 2018, and are callable at the same liquidation value plus accrued dividends [2][3] Company Overview - The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company with total net assets of $122 million, focusing on after-tax total return and tax-advantaged dividend income [4] - The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. [4]