List of Traditional Preferred Stocks

Traditional preferred stocks are the original form of the security: perpetual, with no maturity date, paying a fixed quarterly dividend and generally callable at the $25 liquidation preference about five years after issue. This list covers the traditional preferreds QuantumOnline tracks, excluding trust preferreds and exchange-traded debt, which are structured differently and taxed differently.

For most individual investors this is the preferred-stock list that matters, because these are the issues that normally pay qualified dividends taxed at the lower rate rather than interest taxed as ordinary income.

Other lists: All Exchange-Traded Income Securities All Preferred Stocks Preferreds Eligible for the 15% Tax Rate Traditional Preferred Stocks Trust Preferred Securities Third-Party Trust Preferred Securities Exchange-Traded Debt Securities Traditional Convertible Securities Mandatory Convertible Securities Convertible Debt Securities

How to use this list

Symbol — click any symbol to open our full security description & information page.
Sort — click a column heading to sort by that column; click again to reverse.
Filter — type in the filter box to narrow the list by ticker symbol or company name.
Prospectus — links to the security's original IPO prospectus filed with the SEC EDGAR system.
"n.a." means not available. This list is dynamic and updated constantly; information is believed accurate but is not guaranteed.

Symbol / CUSIP	Security Description	Exchange	IPO Date	Call Date	Prospectus
SLMNP 808194302	A. Schulman, 6.00% Cumulative Perpetual Convertible Special Stock	OTOTC	4/30/2015	n.a.	Prospectus
ACP-A 003057205	Aberdeen Income Credit Strategies Fund 5.250% Series A Preferred Shares	NYSE	5/3/2021	6/30/2026	Prospectus
ACR-C 00489Q201	ACRES Commercial Realty Corp 8.625% Fixed/Float Ser C Cumul Redeem Prfd Stock	NYSE	6/3/2014	7/30/2024	Prospectus
ACR-D 00489Q300	ACRES Commercial Realty Corp., 7.875% Series D Cumulative Preferred Stock	NYSE	5/14/2021	5/21/2026	Prospectus
ADAMZ 649604857	Adamas Trust Inc 7.00% Series G Cumulative Redeemable Preferred Stock	NGS	11/17/2021	1/15/2027	Prospectus
ADAML 649604865	Adamas Trust, 6.875% Ser F Fix/Float Cumulative Red Preferred Stock	NCM	6/28/2021	10/15/2026	Prospectus
ADAMM 649604873	Adamas Trust, 7.875% Ser E Fix/Float Cumulative Red Preferred Stock	NGS	10/10/2019	1/15/2025	Prospectus
ADAMN 649604881	Adamas Trust, 8.00% Series D Fix/Float Cumulative Red Preferred Stock	NGS	10/5/2017	10/15/2027	Prospectus
MITT-B 001228303	AG Mortgage Investment Trust, 8.00% Series B Cumul Redeem Preferred Stock	NYSE	9/20/2012	9/27/2017	Prospectus
MITT-C 001228402	AG Mortgage Investment Trust, 8.00% Series C Fix/Float Cumul Redeem Prfd Stock	NYSE	9/11/2019	9/17/2024	Prospectus
MITT-A 001228204	AG Mortgage Investment Trust, 8.25% Series A Cumulative Redeem Preferred Stock	NYSE	7/27/2012	8/3/2017	Prospectus
AGNCZ 00123Q831	AGNC Investment Corp 8.75% Series H Cumulative Preferred Stock	NGS	9/3/2025	10/15/2030	Prospectus
AGNCP 00123Q872	AGNC Investment Corp. 6.125% Dep Shares Ser F Fix/Float Cumul Red Preferred Stk	NGS	2/4/2020	4/15/2025	Prospectus
AGNCL 00123Q856	AGNC Investment Corp. Dep Shares Ser G Reset Rate Cumul Preferred Stock	NGS	9/8/2022	10/15/2027	Prospectus
AGNCO 00123Q807	AGNC Investment Corp., 6.50% Dep Shares Ser E Fix/Float Cumul Red Preferred Stk	NGS	9/26/2019	10/15/2024	Prospectus
AGNCM 00123Q609	AGNC Investment Corp., 6.875% Dep Shares Ser D Fix/Float Cumul Red Preferred Stk	NGS	2/27/2019	4/15/2024	Prospectus
AGNCN 00123Q500	AGNC Investment Corp., 7.00% Dep Shares Ser C Fix/Float Cumul Red Preferred Stk	NGS	8/15/2017	10/15/2022	Prospectus
ADC-A 008492209	Agree Realty Corp 4.250% Depositary Shares Series A Cumulative Preferred Stock	NYSE	9/8/2021	9/17/2026	Prospectus
AHRT-A 04208T207	AH Realty Trust Inc, 6.75% Series A Cumul Redeem Perp Preferred Stock	NYSE	6/10/2019	6/18/2024	Prospectus
NCV-A 018828707	AllianzGI Convertible & Income Fund, 5.625% Series A Cumulative Preferred Shares	NYSE	9/14/2018	9/20/2023	Prospectus
ALL-I 020002812	Allstate Corp., 4.750% Dep Shares Non-Cumulative Perp Preferred Stock Series I	NYSE	11/5/2019	1/15/2025	Prospectus
ALL-H 020002838	Allstate Corp., 5.10% Dep Shares Fixed Rate Noncumul Perp Preferred Stock Ser H	NYSE	8/1/2019	10/15/2024	Prospectus
ALL-J 020002788	Allstate Corp., 7.375% Dep Shares Non-Cumulative Preferred Stock Series J	NYSE	5/15/2023	7/15/2028	Prospectus
PINE-A 02083X202	Alpine Income Property Trust, Inc. 8.00% Series A Cumulative Preferred Stock	NYSE	11/5/2025	11/12/2030	Prospectus
ALTG-A 02128L205	Alta Equipment Group Inc. Depositary Shares Series A Cumulative Preferred Stock	NYSE	12/16/2020	12/22/2025	Prospectus

Showing 25 of 707 securities

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What makes a preferred "traditional"

A traditional preferred is issued directly by the operating company or its REIT, and it is genuine equity on the balance sheet. There is no intermediate financing trust and no underlying debenture. That direct issuance is what makes the distribution a dividend rather than interest — and that, in turn, is what usually makes it eligible for qualified-dividend tax treatment.

Trust preferreds, by contrast, are issued by a trust that holds the parent company's junior subordinated debt. The trust passes through interest, which is taxed as ordinary income. Same $25 price, same quarterly payment, materially different after-tax result.

The perpetual structure

Having no maturity date cuts both ways. There is no date on which the issuer must return your $25, so if you buy at $25 and rates rise, there is no pull-to-par to rescue the price — the security can trade below issue price indefinitely. Long-duration perpetual preferreds are among the most rate-sensitive instruments an individual investor can hold.

In exchange, you receive an income stream with no reinvestment date. If rates fall, a perpetual preferred bought at a good yield keeps paying that yield until the issuer chooses to call it.

REIT preferreds are the main tax exception

Preferred stock issued by a real estate investment trust generally does not qualify for the 15% or 20% qualified-dividend rate, because REITs do not pay corporate income tax on distributed earnings. REIT preferred distributions are normally taxed as ordinary income.

This matters when comparing yields. A 7% REIT preferred and a 7% industrial preferred can produce noticeably different after-tax income. The list of preferreds eligible for the 15% tax rate isolates the issues we believe qualify.

How to use this list

Click any symbol for the complete terms, including the call date and call price, the cumulative or non-cumulative status, credit ratings and the original prospectus.

About this data

QuantumOnline has tracked exchange-traded income securities since 1997. Every security in this list is researched and maintained by hand from the issuer's prospectus and SEC filings, not scraped from a vendor feed. Where a figure is unavailable we show "n.a." rather than guessing.

Information is believed to be accurate but is not guaranteed, and nothing here is a recommendation to buy or sell. Always confirm terms against the issuer's prospectus before investing.