MORGAN STANLEY CAP TR IV (NYSE:MWG)

BillinOmaha (95.29) Submitted: 2/10/2010 1:36:20 PM : Start Price: $18.04 MWG Score: +3.18

This is an A- Preferred Security of Morgan Stanley Corp., paying a current yield of 7.33% based on a coupon of 6.25%. It looks to me like a pretty safe and secure yield on a reasonably solid company. I have held it for several years and it has always come through with payments as promised. One problem is that it is callable as of 4/21/08, but that might even be beneficial since it is currently selling for only $21 and change, so there would be a nice Capital Gain if it were called.