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Charles Schwab has sold a new investment grade  preferred stock offering.Details of the offering are here.This issue will begin to trade on the OTC grey market tomorrow (Wednesday)If you are unaware of how to buy preferred stocks at 'wholesale' prices you can get the details here .Charles Schwab has 1 earlier preferred issue currently trading.  

Date Issued   7/27/2015Shares Issued   24,000,000  Overallotment Shares  NoneS&P Rating   BBB   Moodys Rating   Baa2Security Ticker Symbol   SCHW-C   OTC Temp Ticker  CSABPMarket Traded On   NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2015Quarterly Dividend   .375   Annual Dividend   1.500Securities may be redeemed, at the issuers option, as early as 12/01/2020 for a redemption…

Originally issued by Merrill LynchS&P Rating   BB   Moodys Rating   Ba2Security Ticker Symbol   BML-GMarket Traded ON   NYSEDividend Payment Paid on the 28th of February, May, August and November beginning on 02/28/2005Quarterly Dividend   .188   Annual Dividend   .750Dividends will float at a rate of 3 month libor plus .75% or a minimum of 3%Securities may be redeemed, at the issuers…

As we implored investors yesterday, if you are sticking around the perpetual preferreds arena you would be wise to 'play' in the high quality arena.When you are looking for quality preferred shares you can't do too much better than those issued by the various Gabelli funds. As most of you likely know Gabelli has a full range of Closed End…

For those out there that have been delving into the really junky part of the perpetual preferred marketplace you have likely already experienced the thrashing that has been occurring in that sector.We have reached a point in the economic cycle where the marketplace is beginnning to sniff out some global economic weakness. Forget that the FED is still targeting a…