Fraychielle_IHB
New member
so my broker sends me a solicitation for:
Citigroup preferred
Priced at 16.5, 12.3% current yield (perpetual yield)
Callable in 9 1/2 years at 25 (works out to be about 4.5% return)
Ordinarily I wouldn't touch anything financial (indeed anything in the stock market right now) with a 100 foot pole
Small print, as for any preferred, is that it is subordinate to bond debt. I suppose they can also cut the divvy.
I'm not really looking for investment advice, but want to pick peoples' brains about the catch(es)
Citigroup preferred
Priced at 16.5, 12.3% current yield (perpetual yield)
Callable in 9 1/2 years at 25 (works out to be about 4.5% return)
Ordinarily I wouldn't touch anything financial (indeed anything in the stock market right now) with a 100 foot pole
Small print, as for any preferred, is that it is subordinate to bond debt. I suppose they can also cut the divvy.
I'm not really looking for investment advice, but want to pick peoples' brains about the catch(es)