What are et's preferred shares?

ET's three listed preferred shares that we had highlighted are as follows. All three have moved up substantially from year-ago levels. ET.PC has benefitted the most with total returns approaching 30%. Those returns are about half as much as the common equity but are noteworthy considering the far lower risk and volatility levels.

Are et preferred shares a good investment?

We see ET preferred shares continuing to provide good income even though the capital gains are now in the rearview mirror. The preferred shares are a good holding for income. They should remain safe and their perceived safety should improve on even modest levels of deleveraging in 2022.

Where are my preferred units listed on the NYSE?

Our Series I preferred units are listed on the NYSE under the ticker symbol ETprI. As stated below, the Series C and D preferred units were redeemed on February 9, 2024 and the Series E preferred units were redeemed on May 15, 2024. For information regarding the preferred units, please see below: