The adjustable rate preferred stock is preferred stock that the dividend is reset periodically in terms of an applicable rate.

—可调整比例的优先股是这样一种优先股，股利依据一个合适的利率定期重新确定。

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If you buy preferred stock that is in fact trust preferred then you'll pay the higher tax rate.

WSJ: For Investors Seeking Income, Preferred Stock May Make Sense

The move up in yields will be substantial enough over the next few years that all interest-rate sensitive securities will be affected (utilities, preferred stock, etc).

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