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American Equity Investment Life Holding Company (AEL) has announced a new $25 preferred issue. This is another Fixed-Rate Reset issue, which means it will have an initial fixed rate until 12/1/2024 at which time the company can optionally redeem the is…

While we don’t cover $1,000/shares issues it is noted that Goldman Sachs (GS) will sell a new preferred. This is a Fixed-Rate Reset preferred. This is interesting as we have seen a number of Fixed-Rate Reset preferreds this year. The way the fixed-rate…

Financial services firm Ladenburg Thalmann (LTS) has announced a merger with Advisor Group. The deal supposedly will close during the 1st 1/2 of 2020. Yesterday in the comments under “Ladenburg Thalmann Announces Earnings”, 2 whiteroses posted a Barron…

Below is a link to a spreadsheet with all (or virtually all) $25/share issues that are investment grade that are now available for an optional redemption by the issuer. This MAY BE a place to hunt for issues that are ‘on the bubble’ as far as a call go…

Financial services firm Ladenburg Thalmann (LTS) has announced earnings for the quarter and 9 months ending 9/30/2019. The company remains marginally profitable–as has been the case for years. We post this because LTS has 5 outstanding high yield secu…

The S&P500 traded in a range of 3065 to 3097 before closing around 3093–a gain of just less than 1%. At this time all news is good news–at least this is what equity markets indicate—party on I guess. The 10 year treasury traded in a range of 1….

I see that Chad has been making some changes this morning–we had met yesterday for discussion on some changes. To see the changes you may have to clear your cache. Some changes are not meaningful to functionality (such as the blue colors instead of gr…

Early Retirement Advisor (AKA kaptain lou) has penned a new article of Seeking Alpha. ERA had previously brought us the U-haul Investors Club which we have written on in the past here–disclosure–we (wife and I have IRA accounts with U-Haul). In the n…

Banking and finance company CIT Group (CIT) has priced a new issue of preferred stock. This is the only issue CIT will have outstanding. The issue is non cumulative, qualified and junky rated. Sorry for being a bit late on this one–many folks have men…

I note a number of people are talking on the site in various spots about interest rates–more specifically about the 10 year treasury pop. Today the 10 year traded as high as about 1.97% before settling in the 1.93% area. The question is where are we g…

Ag land REIT Gladstone Land (LAND) has announced earnings. The company has certainly been acquiring plenty of new farms in the last year. The company appears to be essentially covering their common stock dividend–but that is all I would expect. LAND h…

General Finance (GFN), a specialty storage leasing company, has announced earnings. GFN has a high yield $100/share 9% preferred outstanding as well as a $25/share 8.125% note issue. They can be seen here. The earnings announcement is here. REIT Arbor…