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Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.  Financial Health Puls…

Aircraft leasing company Air Lease (AL) has announced a new issuance of $1000/share fixed rate preferreds. The company will be redeeming their 6.15% fixed to floating rate preferred (AL-A) which became callable on 3/31/2024 and is now floating with a c…

I wouldn’t be one bit surprised if common stocks end up sharply lower this week–‘sell the news’. Is the cut 25 or 50 basis points (CME Fedwatch now says 50 basis points)? Do investors read the cut as economic weakness ahead or just a move to try to ma…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.   NewtekOne, Inc. Decl…

Almost everywhere I turn I see folks saying it is time to get into preferred stocks. Now even Brad Thomas is pushing preferred shares—I guess better late than never. This is not on Seeking Alpha but is on the Wide Moat Research site, which as I under…

Well another big gain on the week for the S&P500 last week–with the index moving 4% higher. One has to wonder if we see the index setback this week in a ‘sell the news’ week on the back of a highly anticipated fed funds interest rate cut on Wednes…

I am certain most of you have gains beyond mine being the ultra conservative investor that I am—but certainly the gains have been better than my expectations. The last week alone has been super profitable. As most of you have noticed we started with…

Smallish business development company (BDC) has announced pricing for a new issue of baby bonds. The new issue prices at 8.125% and proceeds will be used to call the 6.75% baby bonds (GECCM) on 10/12/2024—these notes have a maturity on 1/31/2025. The…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.  Great Elm Capita…

Yesterday as I had mentioned previously I did a little buying. I added to 2 issues of mREIT preferreds which were already in the portfolio. These purchases were made mindful of the underweight allocation I had to this sector of the preferred marketplac…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.  CareCloud Announ…

Some investors held out until the very end hoping for a 1/2 point interest rate cut at the FOMC meeting next week. Now with the consumer price index (CPI) release this morning the air is coming out of that balloon as stocks take a tumble. I suspect tha…