City Office REIT: The Preferreds Are Still Too Discounted, 8.7% Dividend Yield
City Holding(CHCO) Seeking Alpha·2024-09-28 18:21
I've owned City Office REIT (NYSE: CIO ) Series A preferreds since March, when a Fed funds rate at a 23- year high had forced the yield on fixed-income securities to expand to new highs and the preferreds The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green ene ...