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Last week, once again we saw common stocks moved higher by 1.1% (the S&P500)–doesn’t matter whether the economic news is good or bad–there remains almost a never ending pot of cash available to buy common shares—because they only go higher (sar…

Reviewing the comments on the website leads me to believe that there is some hesitation by some to own senior securities (preferred stocks and baby bonds) of non traded Closed End Funds. I can understand the hesitation, most of which stems from a lack…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in the next couple weeks.  Liberty Broad…

One might think that the CPI numbers coming in hotter than forecast would shake the equity markets a bit–at least for a few hours, but again we have the buy the dip crowd move in and do ‘their thing’. The discussion is well underway on how large the n…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in the next couple weeks.  Brookfield As…

Business development company CION Investment (CION) has sold a new issue of baby bonds. This issue was priced while I was out of the office for a week–thus the late notice. af reminded me of it today in a comment. I believe this issue is just starting…

CLO owner Eagle Point Institutional Income Fund has priced their new term preferred stock offering. The common shares are not publicly traded. The issue prices at 8.125% and has a mandatory redemption 10/31/2029. The issue is a monthly dividend payer….

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in the next couple weeks. OFS Credit Com…

The Eagle Point Institutional Income Fund–a non traded closed end fund (CEF) has announced they are selling 1 million shares of a new term preferred stock. This is another collateralized loan obligation company under the Eagle Point umbrella. Their an…

Today I went ahead and initiated a new position in a business development company (BDC) baby bond. I bought the Trinity Capital 7.875% (TRINZ) issue at $25.29. I currently hold the 7% baby bonds from Trinity (TRINL), but this issue matures in January a…

The 10 year Treasury moved up over 4% yesterday and is now trading around 4.02% and the damage sustained by income issues has been very modest – in fact whether the minor damage incurred yesterday was because of interest rates or because of the solid p…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in October. Lincoln Financial Releases I…