In this episode of Alternative Investments Chat, Erin and Erica crack open the often-overlooked world of preferred shares—that hybrid zone where equity ownership meets bond-like income. Blending humor, real examples, and accessible analogies (yes, even Prius jokes), they unpack what makes preferred stock such a unique fixture between stability and upside...at least when you’re working the math right.

Listen to Learn:

• What preferred shares are and how they sit between common stock and bonds in both structure and payout priority.

• The major types of preferred stock, including cumulative vs. non-cumulative, callable, participating, and convertible, and how each works in practice.

• How dividend rates are set, what “par value” means, and how credit quality, interest rates, and ma ...