The markets have closed and the October edition of PrefLetter is now being prepared.
PrefLetter is the monthly newsletter recommending individual issues of preferred shares to subscribers. There is at least one recommendation from every major type of preferred share (two of them recently added); the recommendations are taylored for “buy-and-hold” investors.
The October issue will be eMailed to clients and available for single-issue purchase with immediate delivery prior to the opening bell on Tuesday. I will write another post on the weekend advising when the new issue has been uploaded to the server … so watch this space carefully if you intend to order “Next Issue” or “Previous Issue”!
This is probably the worst of all possible times to be preparing the monthly newsletter. Bid/Offer spreads are enormous and the situation is extremely fluid, to say the least. But I have to keep my customers satisfied! At this moment, I am leaning towards the idea of sending out an update next weekend – just a badly formatted one-pager – to update the recommendations. Subscribers may contact me if they wish to suggest other solutions to this problem.