Could some of the 120,000 people who own Lloyds’ notes tender their ECNs and roll the money into bank preference shares?
preference shares
Some people collect exotic orchids and strange tropical fish. Here’s a couple of rare bonds I’ve secured for my portfolio.
Bank preference shares have fallen with bank shares on summer’s worries – to the extent that they’re tempting me back for a second look again.
Why take one unloved banking preference share into the portfolio when you could have two? Well, a few reasons actually, but they didn’t stop me.
Preference shares offer a fixed income like corporate bonds, but with fewer of their safety features.
Did you buy bank preference shares when the market was giving them away? Me neither. What an incredible opportunity it was.