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B Riley (RILY) announced a suspension of their preferred stock dividends today. The beleaguered financial firm has 2 issues outstanding which can be seen here. Honestly they are a quarter or two too late on this–they should have done it previously. Bo…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Regency Centers Announces Tax Information for Regency Centers 2024 Distributions Armada Hoffl…

The party in the various markets are continuing for now with the S&P500 up near 1% and the 10 year treasury yield off a few basis points at 4.57%. Our portfolios are showing some decent gains on the day considering the large allocation to CDs and m…

Last week we had stocks move back into ‘party’ mode as the S&P500 moved higher by a giant sizes 2.9%. This appears to be related to the CPI and PPI info which came in slightly softer than expected earlier in the week which sent interest rates tumbl…

Markets have gotten a lot of milage out of inflation numbers that were ‘not too hot’ and ‘not to cold’ and now the S&P500 is just 1-1.5% off of all time highs–quite remarkable given the circumstances. The old saying of ‘markets climb a wall of wor…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  Ready Capital Corporation Announces New Share Repurchase Program SuRo Capital Corp. Fourth Q…

Markets parties pretty hard yesterday giving us some nice green to the portfolios—very nice given the number of red days we have seen lately as interest rates raced higher. It seems investors are a little giddy over a CPI number which represents 1 da…

Mortgage REIT Redwood Trust (RWT) has priced their new baby bond issue with a coupon of 9.125%. This is the company’s 3rd baby bond in the last year. Their current outstanding 9.125% baby bond (RWTN) is currently trading at $25.27. The pricing term she…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Compass Diversified Holdings Announces Amendment of its Management Services Agreement Capital…

Once again mortgage REIT Redwood Trust (RWT) is coming to market with a new issuance of baby bonds. This will be the 3rd issuance by this company in 1 year. Previous issues were sold on 1/17/2024 and 6/13/2024 with 9.125% and 9% respectively. The compa…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Until earnings season (2nd half of January) arrives news may be relatively sparse. RLJ Lodgin…

We got the number that we were hoping for–at least I did. A producer price index that was either on target or maybe a little cooler than forecast. It helped equities and interest rates for an hour or two–but now equities are red and nearly 1% off the…