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It is always disappointing to me to see the silliness of the marketplace in reaction to potential deals–such as trade deals. We don’t do politics, at all, on the website, but for once I would like to see both stocks and bonds trade on fundamentals. We…

Self storage giant Public Storage (PSA) has announced the pricing of their new preferred issue. The coupon will be 4.75%, which is in line with the other recent issues from PSA. Proceeds are to redeem the 5.875% PSA-A issue on 12/30/2019. Being a REIT…

Finally the final prospectus for the new Gabelli Equity Trust (GAB) preferred has been posted. As everyone knows the coupon is 5% with an early redemption available to the company in 2024. Issue is cumulative and likely qualified (this is not guarantee…

While the official details of the new 5% perpetual preferred offering from CEF Gabelli Equity Trust (GAB) are still not posted on the SEC website we do have a OTC Grey Market ticker. The ticker is GBLQP. It doesn’t appear to be available at eTrade or F…

As likely holders of either the BB&T Corp or Suntrust Banks preferreds already know the company’s have merged. We have updated lists and security detail pages to reflect new tickers. The company is now named Truist Financial (TFC). The issues can b…

Storage REIT Public Storage (PSA) has announced the issuance of a perpetual preferred. Previously the company had announced the redemption of the 5.875% PSA-A issue which became redeemable on 12/2. The redemption date is 12/30/2019. The company had sol…

Closed end fund, Kayne Anderson MLP (KYN) is preparing for redemption of their 3.50% monthly paying term preferred shares. They have announced the private placement of mandatory redemption preferreds in amounts that are adequate to redeem the KYN-F sha…

The Gabelli Equity Trust (GAB), a closed end fund, has announced the pricing of their new issue of perpetual preferred stock. As the SEC paperwork has not been filed many details are unknown–we will post details when they are released. The issue price…

It is most interesting that since the FED claimed they are on hold until we see inflation news, markets are not paying too much attention at all to them. They began meeting today and tomorrow they will make an announcement on the Fed Funds Rate–certai…

Gabelli Equity Trust (GAB) has announced the sale of a new issue of perpetual preferred stock. The CEF had already announced the redemption of the GAB-D 5.875% issue for 12/26/2019. With the new issue the company will have 4 issues outstanding–none of…

Thanks to Zwei, who posted in the Reader Initiated Alerts page, we have now seen the official notice of redemption of the ALL-A, 5.625% perpetual preferred being called. The issue is being called 1/15/2020 which is the next dividend payment date (Allst…

WR Berkley (WRB) has priced their new issue of subordinated debentures with a fixed rate coupon of 5.10%. The issue is investment grade. Maturity is way out in 2059, with an early redemption period starting in 2024. There will be no OTC market trading,…