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Lodging REIT Chatham Lodging Trust (CLDT) has announced they will be selling a new issue of cumulative preferred stock. The issue will have the typical terms–quarterly dividends, cumulative, non-qualified and optionally redeemable in 2026. It looks li…

Sachem Capital (SACH), a ‘hard money’ real estate lender has announced a new offering of cumulative preferred stock. SACH has 3 issues of baby bonds outstanding, but this will be their 1st preferred offering. While they have 1 issue currently able to b…

The OTC grey market ticker for the new Gladstone Commercial preferred is GSCCV–effective immediately.

Below is the pricing detail on the new Gladstone Commercial (GOOD). The OTC grey market ticker is not available yet–but it likely will be announced today sometime. We will post it as soon as it is available. The pricing term sheet can be read here.

While the official SEC pricing document has not yet been filed REIT Gladstone Commercial (GOOD) has priced their new issue of perpetual preferred stock. The issue prices at 6.00%. The issue is cumulative and non-qualified. The company press release ann…

REIT Gladstone Commercial will be selling a new perpetual preferred stock. The company intends to redeem their 7.00% GOOD-D perpetual preferred which became redeemable on 5/25/2021—this redemption was previously announced. The company has 1 other pre…

It has been a true rarity in the last year that the S&P500 falls by more than 1% in a week. With a fall of about 1.9% last week I am waiting for the buying to come back in – I suspect shortly we will see a bounce back in stock prices-there is too m…

Common stocks are having quite the little tantrum today as the Federal Reserve starts to ponder tapering quantitative easing (QE) down the road. For those watching CNBC today James Bullard, the Fed president in St Louis, made his position quite clear w…

I have been forced to add incremental security measures to the website. For those that comment you will see an additional step to logging in–there will be a CAPTHA (by definition a system to distinguish human activity from machines) requiring one to i…

The new Priority Income Fund 6% term preferred is now trading under OTC temp ticker PRIIP and last traded at $25.00

While it took over a month to get the deal done, Great Elm Capital (GECC) finally has priced the issue of baby bonds initially announced over a month ago. The issue has priced the notes at 5.875%. The permanent ticker will be GECCO when the issue final…

BDC Great Elm Capital (GECC) has finally announced they are moving ahead with the baby bond offering first announced over 1 month ago. No details have been announced excepting they except to redeem the 6.50% baby bonds (GECCL) currently outstanding. Th…