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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. Dynagas LNG Partners LP Announces Date fo…

It is interesting to watch markets–equities in particular. Since I seldom am a buyer of common stocks anymore it is not necessarily consequential where things move hour to hour, but as someone who has watched and studied these things for 53 years I st…

Corebridge Financial Inc. has priced their new issue of Junior Subordinated Notes due 2064. The issue prices at 6.375%. The issue low investment grade with Moodys at Baa3, S&P at BBB- and Fitch at BBB-. This issue is a giant sized issue of 24 milli…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. CTO Realty Growth Declares Dividends for the Fourth Quarter 2024 Hyperscale Data Declares Monthly Cash Dividend of $0.2708333 Pe…

Insurance and annuity company Corebridge Financial (CRBG) has announced they will be offering a new $25 subordinated debenture with a maturity in 2064. CRBG is a giant sized company with assets of over $382 billion as of 6/30/2024, but beyond that I am…

The geopolitical events in Russia and Ukraine are causing a bit of a move to the ‘safety trade’ as the 10 year Treasury interest rates heads lower–it is trading at 4.37% down from yesterdays close of 4.41%. Equity indexes are lower by .3%. Neither mov…

Indiana banker Merchants Bancorp (MBIN) has priced their most recent offering of preferred stock. The issue prices at 7.625% for 9.2 million shares. The issue is rated Ba3 by Moodys. The pricing term sheet can be found here.

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest SL Green Realty Corp. Announces Common Stock Dividend Safe Bulkers, Inc. Announces a Five Million Shares of Common Stock Repurcha…

Indiana banker Merchants Bank (MBIN) has announced they will be selling a new issue of perpetual, non cumulative preferred stock with a fixed coupon. The company intends to redeem the 6% fixed to floating rate issue (MBINO) which is currently floating-…

Well markets have been wild the last couple of weeks with giant sized gains in equities 2 weeks ago and then last week with surging interest rates the S&P500 gave back right around 2%. This week will be interesting (as they always are) although we…

So yesterday Fed Chair did what he should have done a month ago–he tapped the brakes on potential Fed Funds rate cuts. It has been rare in the last year for Fed yakkers to lower expectations of what will happen to short term interest rates–instead co…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. Eagle Point Income Company Inc. Announces Third Quarter 2024 Financial Results PennyMac Mortgage Investment Trust Declares Fourt…