Saw your query, this input may assist: The linked Prefs were talked up a lot in articles in the fin mags, and I ventured into some - its best to do your homework, as some are cumulative and others non cumulative. The risk with them is that a company may decide to not distribute, so the banks tend to be traded more, possibly seen as less risky etc However, for example, Grindrod Prefs (cumulative) are down considerably, so the return, at least in the short term, is attractive, but they should really be trading at around R95 (currently in the eighties)So its a case of demand and supply - best is to create a table covering the linked prefs, then look at the last divi to work out a rough return.(remember that the % distribution is based on the nominal value, not the current trading price) Hope this helps
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