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I trust everyone had too much food and too much football yesterday. Hopefully everyone had time to reflect on what they had to be thankful for—I know my wife and I talked about it as we have done in recent years. We can find plenty to complain about,…

Below are some press releases from company’s that have preferred stock and baby bonds outstanding. SJI Announces Regular Quarterly Dividend AM Best Assigns Indicative Issue Credit Ratings to MetLife, Inc.’s New Shelf Registration FTAI Aviation Ltd. Inc…

The Fed FOMC meeting minutes just released pretty much confirmed my thoughts and where we might be going. Most FOMC members are thinking a reduction in interest rate hikes starting in December–but it isn’t unanimous–some are thinking that the continu…

Finally we see a jump in jobless claims with numbers up 17,000 for last week–to 240,000 and continuing claims up to 1.55 million from 1.5 million. Honestly not a giant jump on a historical basis, but directionally softer. On the other hand the durable…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. LifeMD, Inc. Ranked Number 140 Fastest Growing Company on Deloitte’s 2022 North America Technology Fast 500™ CTO Realty Growth Declares Dividends For the…

PS Business Parks has just announced a tender offer for their outstanding preferred shares. Of course they want them on the cheap—I have a name for them but can’t type it here. The press release is here.

Yesterday was fairly quiet all around – stocks and bonds – tight trading ranges and I love it. Preferred stock and baby bond pricing can/will move up penny by penny in a flat interest rate environment. The nervous nellies who bought high and sold low e…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. RPT Realty Announces Fourth Quarter 2022 Earnings Release Date and Conference Call Information ARMOUR Residential REIT, Inc. Announces December 2022 Divid…

Last week was a relatively quiet week in markets–the S&P500 moved in a range of 3907 to 4208–closing at 3965 which is a modest loss of less than 1% from the previous Friday close. The 10 year treasury yield ended up at 3.82% on Friday which was l…

Investors don’t know whether to buy or sell today–maybe some of both as the S&P500 is flat as a pancake. I bought a nibble of the newer Lincoln National 9% preferred–more of a placeholder position — something to remind me to buy more if it passe…

Below is further detail on the new preferred from Lincoln National Corp (LNC)

This one was totally missed by me. If you Prefer noted last night. Insurer Lincoln National (LNC) has sold a new perpetual preferred with a sky high coupon of 9%. The issue is non-cumulative, but qualified for preferential dividend payments. The issue…