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Maybe this is why mother Fidelity is getting so goosy about the purchase and sales of preferred shares. Here is an article on UBS, Wells Fargo Advisors and RBC about some of there activities around preferred shares held by clients.

In a couple hours we have the personal consumption expenditures (PCE) number being released and the forecast is for the number (year over year) to come in a little hot. At this point in time any number cooler or hotter than forecast can move markets qu…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. Presidio Property Trust Announces Update…

Yesterday markets were hammered–BUT it is one day and likely a over-reaction to the FOMC stating they may only cut interest rates 2 times next year. Markets take this as gospel–kind of silly–these words from folks who messed up interest rates for li…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. Diana Shipping Inc. Announces Time Chart…

Well we all knew what the Fed was going to do and honestly about what Jay Powell would say–but I don’t think that most of us knew that the fast money was going to use it as an excuse to sell the hell out of the markets. Normally on Fed day we get big…

Markets–and in particular interest rates are quiet–the 10 year treasury yield is less than 1/2 basis point from the close yesterday. I am pretty certain that we all know there is a 1/4% rate coming and then the Jay Powell presser will stress that GDP…

I have held shares in the 5.95% General American Investors (GAM-B) for a long time–I think it has been years–certainly off and on for years. GAM is a solid closed end fund with $1.6 billion in assets and the only leverage they use is this issue of pr…

As some know the website is experiencing issues with a ‘plugin’ which is causing issues in items I post. I took down a post from yesterday as it was only partially published and it repeated itself 3 times. Hopefully before the day is out I will have th…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. CTO Realty Growth Expands Presence…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two.   Star Bulk Carriers Corp. Announces an…

In what one might call one of my ‘penny wise, pound foolish’ moments I have been trying to buy 100 shares of the new very short duration RiverNorth/DoubleLine Strategic Opportunity Fund 6% Term preferred all morning. I only wanted to pay $10.03 per sha…