5 New Preferred Stocks Clear 7%, First Time Since July 2012 - Seeking Alpha

This article illustrates the effect that the federal reserve policy of quantitative easing had on the prices and yields of preferred stocks. Investors hungry for yield have competed for interest generating securities thereby driving up the prices and forcing the yield down. Last month the Federal Reserve hinted that they would begin to "taper" their quantitative easing program and there was a prompt selloff of all types of securities that previously were bid up in search for yield.
I am tempted to buy these for their yield but there is no guarantee that I will get my money back.


http://seekingalpha.com/article/1528392-5-new-preferred-stocks-clear-7-first-time-since-july-2012


Stuart