Unrated preferred stock shares were much more sensitive to interest rate speculation during September than those shares offering a Moody’s rating. While overall preferred stock prices fell by an average $0.18 per share throughout Q3, those holding Moody’s-rated preferreds actually saw an increase in the value of their shares. Moody’s-rated preferred stock prices increased to $25.35, up by $0.32 per share since the end of June...
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