A high interest rate environment has caused liquidity to dry up, leading to a trend where blind funds and PM use funds to support the purchase of common stocks, and recruit preferred stock investors from the market. This trend began with the sale of the Concordian Building in April last year. However, as everyone rushed to recruit preferred stock investors with similar structures, there was a frenzy in the market to find such investors. Last year, there were many cases where the trading of preferred stocks ended when securities firms acquired them, but the preferred stocks have not yet been sold. It’s also not uncommon for there to […]