This is an issue of straight preferreds.
Income Investor
The J series is about to enter its callable phase later this year, starting at $26 and declining annually thereafter to $25.
At current price levels, if it were to be called in, the investor would enjoy a tidy one-time capital gain (somewhere in the range of 5%-10%), in addition to the dividend (currently in excess of 5% annually). - Paul Bamford
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Interactive Performance Chart
FTS.PR.J was first recommended here on October 30, 2014