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Strategies & Market Trends : REITS - Buying 1 - 2 weeks before going ex-dividend -- Ignore unavailable to you. Want to Upgrade?

To: George T. March who wrote (1357)	6/8/1999 4:58:00 PM
From: zebraspot	Respond to of 2561

>>As an aside, I trade at Fidelity who have just recently added a 1/4 point commission cost to trade the preferred shares. So, I'm in the process of moving that part of the portfolio and consequently have not tracked the reit pfds of late. Would be interested in knowing you best selections in the pfds at this time. << I had exactly the same problem with Fidelity, and left them for that reason. Schwab is good in that they will work with you on the commissions when your order on a preferred only gets a partial fill. On these illiquid pfds. it can take a few days to get in and out of a couple of thousand shares if you are at all picky about price. I worked it out with Schwab to pay 3 cents a share on partial executions (instead of getting whacked for the minimum $29.95 each time there was a partial execution). Good preferreds right now? I think the WDN-S at a 11+% yield looks too cheap. The relatively new MAA-C goes ex- in a couple of weeks and yields 10.5 currently(the annual dividend is $2.34). GLB-A is good under 19. The AIV's and AVB's and EQR's are good, depending on when and where you buy them. I trade in and out of all of them as part of a dividend capture strategy. Good luck.