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Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two.  Oxford Lane Capital Corp. Provides Nove…

Business development company Gladstone Investment (GAIN) has announced they are selling a new issue of baby bonds. The issue will have a maturity date in 2030 and an early call available to the company in 2027. The company has a number of low coupon ba…

Today giant Ag Cooperative confirmed that the ag economy is extremely soft and that the threat of tariffs is bringing more uncertainty to their business. More than once in the last month or two I stated that we would likely see this market softness hit…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Prospect Capital Corporation Hosting Upcoming Webinar: “Preferred Stock as a Low Volatility, Downside Protected, and Income Gen…

Last week was a fairly quiet week in the equity markets. The S&P500 moved in a range of 6033 to 6100–closing at 6090, which was a gain of right about 1% from the close the previous Friday. Even the all important employment reports couldn’t move ma…

Well the employment numbers came in about as expected, although revisions to previous months added jobs. The unemployment rate ticked a tiny amount higher which is probably enough to give the FOMC ‘cover’ to lower the Fed Funds rate by 1/4% on the 18th…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. Mortgage Rates Continue to Decrease Hovn…

Folks are noting that the new RiverNorth/Doubleline Strategic Opportunity Fund $10/Share 6% Term Preferred (OPP-C) is ready to trade. It looks to me that a few early shares sold at $14–that is crazy and will likely correct itself quickly. For a test I…

CLO owner Eagle Point Credit Company has priced their new issues of baby bonds. The baby bonds, which mature in 2030 are priced at 7.75%. This is a large 4 million share (bond) issue–actually made possible by the companys aggressive ‘at the money’ com…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. Global Ship Lease Declares Quarterly Div…

For those that have an interest it appears the new 6.375% Junior Subordinated Notes from Corebridge Financial (CRBG) is ready to trade any hour now. At least eTrade and Fido have finally gotten the ticker on their websites. The ticker will be CRBD.

Ready Capital (RC) has priced their new issue of baby bonds with a high coupon of 9%. The early redemption period starts 12/15/2026 with maturity on 12/15/2029. 2 baby bonds that are currently outstanding from RC are trading with current yields around…