A Primer on Preferred SecuritiesColumbia Threadneedle Investments
A Primer on Preferred Securities by Columbia Management
As financial institutions raise capital and reduce risk, preferred securities can offer an attractive risk-adjusted yield in a low-yield environment. Let’s examine this asset class, including the structures, the motivation of issuers and investors and why we think preferred securities make sense in the current market environment.
What is a preferred security?
Preferred securities carry attributes of both debt and equity securities. Preferred securities rank higher in the capital structure relative to common . . .
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