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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (66405)2/4/2021 3:02:44 PM
From: E_K_S  Respond to of 78953
 
Re: SOHOB Company can call these at PAR on/after 8/2021

If they do call, they must also make current the dividend too. With rates at historical lows and new stimulus bill proposed (including loans for Hotel sector) and vaccines in the works, you may see these preferreds yielding 8% called sooner rather than later.




To: Madharry who wrote (66405)2/4/2021 5:47:27 PM
From: ekimaa  Respond to of 78953
 
Ditto for SOHON--- purchased on a flier at $7-$12 range--as dividends hit account---few hundred shares at a time--they do add up though!-- expect to reap past dividends and more cap gain. High risk for sure though!
Mike



To: Madharry who wrote (66405)3/3/2021 12:03:44 PM
From: E_K_S  Read Replies (1) | Respond to of 78953
 
New recovery high in SOHOB last $19.38/share +3%. I still think this gets paid off at PAR $25 w/ all accumulated dividends. SOHO is a destination resort REIT.

Seeing a lot of the sold off Malls moving higher; MAC +4.3%, FSP +5.8% and strip centers CTO +4% & UBA +5%

Seems like we may be exiting the COVID event and investors buying back these Reit properties.

Buyers pricing in a return to "normalized" earnings