My Dividend Stock Purchase: Hyflux Preference Shares (N2H)

After holding  a large percentage of cash for a long while; I have decided to purchase shares in N2H, Hyflux Preference Shares.

Hyflux’s preference shares are bond like instruments which gives the holders a fixed dividend payout at each time period (6% for Hyflux’s case). These dividends are paid on a pro-rated semi annual basis and cumulative, meaning to say if Hyflux defers on paying dividend this year, it will be rolled to next year. It can be for an indefinite period However, these preference shares has no maturity date to redeem, but Hyflux has to pay 8% dividend if they do not redeem on April 2018. I have written how preference shares work in a previous post.
 
Why did I invest?
 
To me, it seems the preference shares looks like a deal. This is because at its selling price of 93.30 and if Hyflux decides to redeem …
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