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Affiliated Managers Group (NYSE:AMG) will be selling a new Jr Subordinated note with a maturity date out in 2059. AMG previously had a number of baby bonds outstanding, but all have been called in recent years. This new issue will be their only baby bo…

American Finance Trust (NASDAQ:AFIN) has announced a new issue of preferred stock is being sold. American Finance Trust is a newer REIT and we are not familiar at all with this issuer. Only a few details are known at this time. The issue is to be 4 mil…

The 8.50% perpetual preferred issue from Triton International (NYSE:TRTN) has moved from the OTC Grey market to the NYSE. This junky issue has traded strongly in a rush for the coupon. The issue closed at $25.68 on Wednesday. This seems like it has com…

As we expected interest rates are pulling back a bit–I think based upon the expectation of a neutral press conference with FED Chair Jay Powell this afternoon, as well as the pull back the last 2 days in the equity markets. While generally this little…

It has been announced that the issue will trade with the symbol of OCCIP on the OTC Grey market. This is the same symbol that the permanent ticker is supposed to be. Never had that before but it is what FINRA has announced. The new pricing term sheet h…

The new non cumulative 5.85% perpetual preferred from American International Group (NYSE:AIG) is now trading on the NYSE. The issue which is a low investment grade issue is trading under the ticker AIG-A and has traded in a range of $24.95 to $25.38 be…

The new Subordinated Debentures issued last week by insurance company American Financial Group (NYSE:AFG) have now begun to trade. The issue is trading on the NYSE under the ticker AFGB. The issue, which carries a decent coupon of 5.875%, traded in a v…

We have had a few items (or people) slip through the automated spam blocking we use so we have set up another method to report these few instances when they occur. In the right hand column there is a link called “Report Spam”. Clicking this link will t…

We note that Callon Petroleum (NASDAQ:CPE) has a newer earnings presentation which they released on 2/27/2019. Callon has a $50/share 10% perpetual preferred outstanding which many investors on this site likely own. These shares have been darned good p…

The nicely investment grade baby bonds issued by giant utility company NextEra Energy (NYSE:NEE) are now trading under the ticker symbol NEE-N. The shares traded on Monday in a range of $25.25 to $25.35. These bonds carry a coupon of 5.65% and are rate…

When no interest rate hike is expected the FED meetings always seem to be lost in the news of the day. Today the FED starts their meeting, which will result tomorrow with no FED Funds rate hike. It would be near impossible to raise rates at this time a…

Brighthouse Financial (NYSE:BHF) has priced their new issue of preferred with a coupon of 6.60% The issue is non-cumulative, but dividends are qualified dividends for preferential tax treatment. The issue will have an early redemption period starting 3…