Preferred shares are usually considered fixed income instruments, although they do not sit on the 'Liabilities' part of the balance sheet. Investors use these capital markets instruments for income, with little upside present in the instruments. In most casesWith an investment banking cash and derivatives trading background, Binary Tree Analytics ('BTA') aims to provide transparency and analytics in respect to capital markets instruments and trades. BTA focuses on CEFs, ETFs and Special Situations, and aims ...