During such periods, savvy preferred stock investors can frequently purchase shares at wholesale (sub-$25) prices when new preferred stock issues are being distributed to the market. 83 percent of the non-convertible preferred stocks issued during 2014 (54 of 65) were introduced to the market by their underwriters using a temporary trading symbol on the wholesale Over-The-Counter (OTC) stock exchange. So how did buying shares during OTC distribution work out for preferred stock buyers during 2014?...
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