As noted by Dick Whitman a few minutes ago in Reader Alerts Citigroup has announced a full redemption of perpetual preferred C-J. This is a fixed to floating issue that has been floating since 9/23.
The banker had previously called a portion of this issue on 12/29/2023.
On a different preferred anyone have an opinion on BACL and WFCL…the two that most likely will never be called in…I own both bac@around 6% and wfc@around 6.2%….any risks I should be aware of? I am not really concerned with default…