Barry SchwartzYPG HoldingsYPG.PR.A.TOTOP PICKFeb 22, 2010

YPG Holdings Series 2 Preferred: Likes these preferred shares because of distribution. It is retractable in 7 years, giving a 10-1/2 yield to retraction, equating to a dividend equivalent of almost 15%.

(A Top Pick Dec 8/08. Sold at $22 so he was Up 31.3%.)

Has fallen from its $25 issue price to about $15.50 giving it an approximate 20% yield. Has a higher priority to cash flow than the trust units (YLO.UN-T).