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CHS (Cenex Harvest States) has announced the intention to issue 6.7 million preferred shares to their cooperative members in exchange for members equity.THIS IS NOT A NEW PREFERRED ISSUE.  None of these shares will be sold by the company--all shares will go to members in exchange for members qualified equity.The shares to be issued are the Class B, 7.875% $25/share preferred…

We have recently had some notes from readers asking about floating rate preferreds (as well as ETD floating rate notes) and whether there is wisdom in purchasing some at this point in time?  Our short answer is 'we don't know'.  While we have listed the floating rate and fixed to floating rate issues for years we have not studied them close enough…

August 18, 2014  10 pmWe are amazed by the stock markets never-ending complacency with the global situations and events.  We listened for years as all the 'experts' harped continuosly about the 'global economy' (of course these are the same 'experts' that have warned us to get out of interest rate sensitive instruments for 2 years now) and how everything, economically…

August 17, 2014 - 11:20 pm  We are making a few minor changes to the spreadsheets on The Yield Hunter.On the Preferred Stock-Alphabetical page we have added a minor column titled 'Qualified?'. We had received numerous requests to add this to the spreadsheet and we have done so. It is ONLY ON the alphabetical sheet. We also have a page that…