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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (41389)	2/11/2011 10:25:12 AM
From: E_K_S	of 78870

Hi Paul - Re: Flaherty & Crumrine Preferred I(NYSE: PFD ) Maybe it is time to get back into PFD. I cleared out of my position in 9/2010 at $12.95. Bought my original position @ $ 11.85/share in 5/2010. The new dividend rate for PFD is $1.08/year which yields 9% at the current price of $12.00/share. I just don't like paying those annual management fees (.625%) and the leverage they use to juice their yield. However you do have the flexibility of instant diversification and the liquidity to enter and exit the fund. PFD and PFO Announce Increased Regular Monthly Dividends and Special Year-End Dividends finance.yahoo.com EKS FWIW - Finally closed out all of my BDNpC bought at 1/2 price in 2008. Trying to peel off shares of FRpK & FRpJ (which currently yields 8.5% price adjusted). Therefore, these funds will be looking for a home and the PFD fund may provide a good parking place.

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