Preferred Stocks Posting Solid Gains in 2008

NOVATO, Calif., March 4 /PRNewswire/ -- The Winans International Preferred
Stock Index measures U.S. conventional preferred stock values from 1980 to
present, and it has posted an 8.5% increase in price so far in 2008.
After suffering an -11% decline in 2007 (The worst decline in preferred
stocks since 1969.), "preferreds" have provided one of the few bright spots to
an otherwise dismal investment picture.
"Prices dropped so much that yields became very attractive on well
established companies, and so you're seeing money flow to preferreds" says
Justin Gularte, Income Portfolio Manager at Winans International.
It is interesting to note that since 1900, preferred stocks historically
decline 24% of the time, and their worst performance in the last 100 years was
the -23% decline posted in 1907.
More information on the Winans International Preferred Stock Index can be
found at www.winansintl.com.
SOURCE Winans International

Ken Winans, President of Winans International, Investment Management &
Research, +1-415-506-3070, Ken@winansintl.com