I have pondered recently whether I want to move into the domain of GridBird and try to snag some long term holdings of some $50 and $100 preferreds (illiquids).
While I already hold the Tricontinental 5% preferred (TY-P) which I consider the most solid preferred outstanding, the AMG Capital Trust 5.15% convertible (AATRL) and more recently the Bunge 4.875% convertible preferred (BGEPF) maybe I should try to chase down some true ‘illiquids’.
With coupons falling certainly these become more attractive–whether I want the frustration of trying to secure some of these with the low volume is another story.
Anyway–I do maintain an incomplete list of these $50 and $100 issues here. While data is incomplete clicking the ticker will get you a chart and what little information I have dredged up–it is just a start for folks, but it gives a flavor for volumes etc.