What are preferred shares of a CEF?

Chahta The Mighty Thor xxx Posts: 3,294	What are preferred shares of a CEF? Aug 22, 2023 12:02:32 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by Chahta on Aug 22, 2023 12:02:32 GMT I saw this ARTICLE about preferred shares of certain CEFs. I have no idea what this is about. It drew my attention since I own PTY.
	Last Edit: Aug 22, 2023 12:03:18 GMT by Chahta Whether you think you can or you think you can’t-you’re right. Henry Ford

yogibearbull The Mighty Thor Professor Emeritus of Engineering. At ProBoards, X/Twitter, Facebook + new Threads, MFO, M*, FIC Posts: 2,726	What are preferred shares of a CEF? Aug 22, 2023 12:15:36 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by yogibearbull on Aug 22, 2023 12:15:36 GMT Some CEFs get leverage via issuing preferreds (vs bonds, repos, or temporary financing). Some CEF preferreds may be better than the CEF itself.
	YBB