Invesco Preferred ETF

PGX

Market cap $3.9B

These funds offer better transparency and tax efficiency than other income options.

VANCOUVER, British Columbia, June 18, 2026 (GLOBE NEWSWIRE) -- Prosper Gold Corp. (“Prosper Gold” or the “Company”) (TSXV:PGX) announces that the Company has entered into a definitive purchase agreement (the “Purchase Agreement”) with Kenorland Exploration Ltd. (“Kenorland” or the “Purchaser”), pursuant to which the Company has agreed to sell to Kenorland its 100% interest in the Golden Sidewalk and Skinner properties (the “Properties”) located approximately 60 km east of Red Lake, Ontario (the “Transaction”).

PGX has an asymmetric return profile. Moves to the upside are capped, whereas it participates fully in selloffs. While the preferred shares that PGX owns are structurally senior to common equity, debt instruments that rank above it which have defaulted have a median recovery rate of 9%. In times of market stress, PGX has sold off as much if not more than the S&P 500.

The Income Quintet - BDCs, Midstream Energy, REITs, Preferred Stocks, and Covered Call ETFs - offers a balanced approach to maximizing yield and income safety. I prioritize quality over raw yield, focusing on internally managed BDCs, disciplined midstream operators, select REITs, and actively managed preferred ETFs for sustainable income. BDCs with internal management, like MAIN, command significant NAV premiums, reflecting superior alignment and lower capital costs compared to externally managed peers.

Creating passive income streams can take many forms. Investors can choose from a plethora of stocks, bonds, alternative assets (such as real estate) and other less-traditional options (including crypto, etc.

PGX offers diversified exposure to preferred securities, with 80% in fixed-rate instruments and a moderate risk profile focused on the financial sector. The fund's average credit rating is BBB, and it delivers a 10-year NAV return of 2.99% with a 0.5% management fee. Invesco Preferred ETF's holdings are sensitive to interest rate changes, as rising rates typically pressure fixed-rate preferred prices downward.

Exchange-traded funds (ETFs) are must-haves if you're currently in retirement and you're looking for income.

PGX invests primarily in fixed-rate preferred securities and bonds, offering diversified exposure with an average credit rating of BBB and a 0.5% management fee. A significant portion of the portfolio trades below par, providing decent current yields. The fund's 10-year NAV return is modest at 2.77%, but current yields and discounted prices suggest improved future returns for income-focused investors.

Market volatility presents both risks and opportunities, emphasizing the importance of timing over price action for successful trading and investing. Pair trades with sound financial logic, like long treasuries and short corporate fixed-rate perpetuities, can capitalize in times of distress. The recently opened pair trade in iShares 10-20 Year Treasury Bond ETF and Invesco Preferred ETF generated significant profits due to credit spread widening.

Income-based investors often devote a large part of their securities research time looking at bonds.