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The previously announced preferred stock issue from Capital One Financial Corp (COF). The non-cumulative issue will carry a coupon of 4.80%. The issue is split investment grade with only Moodys rating the issue as low investment grade. The issue will t…

Capital One Financial (COF) will be selling a new issue of perpetual, non-cumulative preferred stock. The issue will trade under the permanent ticker symbol of COF-J when it begins to trade on the NYSE. The issue is likely to be split rated–investment…

It looks like the initial selling in common stocks has ended and shares are moving slowly higher. I would think they are in a ‘wait and see’ period. Of course this wait and see could last just hours–or days. Uncertainty will last for a while–no doubt…

Finally we see a week where stocks ended on a down note. Monday was a holiday and Tuesday, Wednesday and Thursday were fairly flat–as the S&P500 opened the week at 3321 and closed Thursday at 3326. Friday came and shares took a tumble closing the…

Early this morning I wrote the post on the new preferred issue from ARMOUR Residential. The post was not as complete as it should have been and had a couple typos. My apologies. Last night I had a 8 pm flight out of Minneapolis–which got held up for 9…

Update–The OTC Grey Market symbol has been announced as ARMRP. mREIT Armour Residential REIT (ARR) has priced their new issue of perpetual preferred stock. The issue priced at 7.00%–once again lower than the earlier ‘yield talk’. The issue will be cu…

The 10 year treasury is tumbling some today-now off 5 basis point to trade at 1.72%. Apparently the bloom is off the rose in regards to the China trade deal and we have moved into fear of a global slowdown based on a virus. One can never, ever know whe…

Just a note that the 4 preferred issues from container ship owner Costamare (CMRE) are tumbling. Shares went ex-dividend ex dividend on the 13th–and have just continued to move lower. The high yield issues are now $1 lower since ex date. A quick scan…

mREIT ARMOUR Residential REIT (ARR) will be selling a new perpetual preferred in a refinancing transaction. The company has 1 outstanding issue of monthly paying preferred, the ARR-B 7.875% issue which will be at least partially called. It has been red…

Early next week (Monday the 27th) we will see ‘rebalancing’ announcements being made by Wells Fargo on a number of Indexes. Below is a list of mostly preferred stock indexes that will announce rebalancing. As you can see the announcement will be made M…

With no China news-except for the virus which looks to have already played out (as far as markets are concerned) we are having a quiet day everywhere. The 10 year treasury is at 1.765% which is less than 1 basis point (1/100% of a percent) changed from…

Today ChuckP posted an article that is currently on Barrons. It is not unlike many we have seen in the past and most of us that have been investing in baby bonds and preferred stocks are well aware of the risk that is out there. We are posting this bec…