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Nice. Had not really known about such offerings for income investors and the hybrid nature of preferred stocks until your post. Interesting distinctions, but sounds like such offerings may get squeezed after 2013 with The Dodd-Frank Act and Basel III. Here is Wiki background article: http://en.wikipedia.org/wiki/Preferred_stock.
Charles, you will likely find some preferreds in some of your fund holdings; but the PFF noted by Ted is very direct to this area. The below link provides a decent overview of preferreds, as well as a notation about Dodd-Frank provisions.
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