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Msg  319 of 359  at  2/28/2019 11:01:05 AM  by

ContraIndicator


 In response to msg 318 by  InspectorBudget
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Re: Innovative Industrial Properties

Thanks for the explanation.

My understanding regarding buying preferreds is that unless the yield is high (above 9%), to view share price above 26+ as unnecessarily risky unless the investir plsns on never selling unless called.

Iipr-a at 30 yields sbout 7+%. I would think there are other preferreds in the REIT field with similar yields whise share price is closer to par or trading below par.

I do hold several preferreds above 26 and one (hillman) which consistently trads near 31-32. Last year, dropped to about 26+. Par yield is 11% and supposedly largest shareholders (founders of company) have a vested interest in keeping the share price high and in not having the preferred called. Can't explain the reason for that, but hope my shares never get called. Without that reason, the prudent move would have been to sell when shares got to 33.


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