Re: Rate-reset preferreds--marcipan
They do trade in line with the general market, so any bull run in that can boost the RRsets as well.
I had one issue redeemed last year, so that is another way out. I used the proceeds to buy others that remained beaten down, which gave me actual yields in the 8% range.
But yes, one has to not be in a position to need the money, as they can remain depressed for a while. For me, they are just part of an income portfolio, money I may never need.
Thanks for the reply.