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Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Essentially no news on the wires today. Freddie Mac Multifamily Apartment Investment Market Index Rises Again in Second Quarter of 2023…

Equities couldn’t make a stand at all today – each small rally brought more sellers out–I guess tough talk from Powell (although expected) put a little fear into folks. Interest rates didn’t take a breather either–stuck at 4.48% all day long–it wasn…

The rate hike/no hike announcement yesterday was exactly as I expected – no hike, but tough talk on the future. Anyone who expected anything but what we got simply hasn’t been paying attention. Inflation, while much tamer than a year ago ticked higher…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. CareCloud Financial & Operational Update XAI Octagon Floating Rate & Alternative Income Term Trust Reaches $500 Million Total M…

Carecloud (CCLD) which has 2 outstanding preferred issues which got shellacked yesterday has released an operations update–no doubt in response to the shellacking. The update is here.

Well yesterday the 10 year treasury hit a high of 4.365% which is where it closed–this morning it is trading a basis point lower. Honestly it doesn’t matter much because it could easily be 10 basis points higher or lower before the day is out. The FOM…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Valley National Bancorp to Announce Third Quarter 2023 Earnings Two Harbors Investment Corp. Announces Third Quarter 2023 Common and Pr…

Equities are quiet–interest rates are quiet–it looks like another day like yesterday as investors sit back and wait for decisions to be made tomorrow at the FOMC meeting. Of course consensus is for no change in the Fed Funds rate – the CME FedWatch t…

PennyMac priced an offering of baby bonds with a coupon of 8.50%. The offering is a measly 2 million shares. There is a early redemption available to them in 2025 with full maturity in 2028. The issue will likely not trade for at least 3-4 days but sho…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends Pyxis Tankers Announces Closing of Ultramax JV Investment…

Mortgage company PennyMac Mortgage Investment Trust (PMT) has announced the upcoming issuance of a $25/share baby bond with a maturity date in 2028. I don’ recall any residential mREIT selling a baby bond in the past–maybe there has been one but I don…

Last week the S&P500 moved in a range 4447 to 4512 about 1% before closing near the low of the week at 4450 which 7 points below the close the previous Friday. The 10 year treasury moved in a range of 4.22% to 4.34% before closing the week at 4.32%…