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Non-Tech : Income Investing

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To: Privately who wrote (51803)	1/23/2025 1:16:01 PM
From: Elroy	of 52117

I agree CIM preferreds (and CIM itself) seem very high risk due to the leveraged characteristics of mREITs. The reason I don't sell them and buy NGL preferreds with the proceed is my combined cost basis per share is about $12. I'd owe about $2.50 per share in capital gains tax if I sell. NGL preferred have moved up about $1 in the past three months (used to be about $23, now they're about $24). They pay about 11.8%. Cold weather is very very good for one of NGL's poorly performing segments, this cold spell is probably going to produce a beautiful March 2025 quarter.

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