For those readers who want to know about securities that are cumulative, I would recommend joining the free site QuantumOnline which has links to the prospectuses for preferred stocks.QuantumOnline Credit Ratings - QuantumOnline.com The ING preferred issues are also equity preferred issues that qualify for the 15% max tax rate for qualified dividends as opposed to Trust or Debt Preferred taxable as interest. That site has information on which issues qualify for the 15% rate. The ING preferred issues also provide for payment of interest on deferred dividends when the deferral is not due to a mandatory deferral, which has some slightly different rules for interest on deferred payments, the kind that involves a solvency type of issue explained in the prospectuses on all ING preferred stocks. I currently own IND, INZ and ISF.
My discussion of ING preferred issues can be found throughout this post with a gateway post found here:ING Preferred Stocks: Links in one Post
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