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As predicated by some the new $25 perpetual preferred issue from insurer Enstar Group (NASDAQ:ESGR) has priced with a coupon of 7%. The issue is non cumulative and of course pays quarterly dividends with the 1st dividend to be paid on 3/1/2019. The com…

Specialty finance company Eagle Point Credit (NASDAQ:ECC) has released their 3rd quarter investor presentation. ECC is a holder of CLO’s (collateralized loan obligations) and has been as transparent with their data as any similar company.  While we per…

Large specialty insurance company Enstar Group (NASDAQ:ESGR) is selling a new fixed rate preferred stock issue. Being an insurance company the issue will be non cumulative in respect to dividends. Other terms will be the normal terms, quarterly dividen…

REIT Braemer Hotels and Resorts (NYSE:BHR) has priced a new preferred stock offering with a coupon of 8.25%.  The company will be selling 1.6 million shares with an overallotment available of 240,000 shares. BHR is the old Ashford Hospitality Prime and…

We had forgotten to mention last Friday that we had purchased 400 shares of the new GasLog Partners 8.50% fix-to-floating rate preferred which is now trading on the OTC Grey Market under the temporary ticker of GLOUF. We paid $24.50 for the shares and…

Braemar Hotels and Resorts (NYSE:BHR) will be selling  a new perpetual preferred issue. It has been quite some time since we have had an issue come to market from the REIT lodging sector so it will be interesting to see what the issue is priced at coup…

Agriculutural coop CHS (Cenex Harvest States) has begun a shakeup of some magnitude after the reports of a $190 million fraud was reported on 10/26/2018 which we wrote about it here. This is of interest to many income investors as CHS has 5 series of p…

We are closely watching the equity markets as they tumble and while there isn’t a singular smoking gun in the sell off, there certainly are lots of individual items weighing heavily on investors.   It would be a good time to head down 800 Dow points an…

Stocks jumped sharply last week, although they ended the week on a soft note.  The DJIA traded in a range of 25,261 to 26,277, before closing at 25,989.  Given that we had the mid term elections and a change in the house power in Washington one would e…

BDC WhiteHorse Finance (NASDAQ:WHF) has priced their new issue of baby bonds with a coupon of 6.50%. The issue will have a maturity date in 2025. The issue will have an optional redemption beginning in 2021. The company will issue 1.32 million shares w…

The GasLog Partners new fixed to floating rate preferred is to trade on the OTC Grey market under ticker GLOUF. We do not find it on eTrade or Fido at this moment–patience is needed.

WhiteHorse Finance (NASDAQ:WHF) is selling a new issue of baby bonds with a maturity date in 2025. Details of the notes which will trade under the ticker WHFBZ have note been released, but preliminary paperwork can be found here. The company previously…