#preferred-stock

#preferred-stock

PFFA holds a diversified portfolio of 188 preferred securities issued by corporations. These preferred stocks function as a hybrid between bonds and common equity, with companies issuing them at fixed dividend rates that flow through to PFFA shareholders as monthly distributions. The fund's largest positions reveal a strategic approach to income generation. Financial powerhouses like Apollo Global Management (NYSE:APO) and KKR (NYSE:KKR) anchor the portfolio with their convertible preferreds, providing stability through investment-grade credits.

Growing one's asset value over time is great, but having something to show for this growth over time is also very valuable. For many of the smartest and most conservative investors out there (such as Warren Buffett), there's a trend many will notice in dividend stocks and other income-producing assets often making up a larger share of their portfolios than the industry average.

Strategy has announced its plan for an IPO to sell 2,500,000 STRD shares, aiming to fund bitcoin acquisitions and general corporate purposes.