MORGAN STANLEY's MS-P-L is an exchange-traded preferred stock in the Security Brokers, Dealers & Flotation Companies sector. At a recent price of $19.28, MS-P-L yields 6.32% on its $25 liquidation preference and 4.875% coupon. It trades at a discount of 22.9% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2025-01-15. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.