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Eagle Point Credit (NYSE:ECC) has released earnings for the quarter ending 3/31/2018 and concurrently released a presentation of data on Powerpoint. The powerpoint can be found here. Eagle Point has term preferreds and baby bonds outstanding which we h…

kaptain_lou is a reader on this site, as well as many others and a few years ago he (or she) wrote an article on Seeking Alpha which outlined an investment that I was not familiar with–as usual I had to check it out a bit.  We are not shy about trying…

After the recent pops in interest rates we were curious as to whether they would remain above 3% in the days and weeks after the move. Just surveying rates today it looks like the 10 year treasury is firmly in the 3.08% area and will probably not move…

While stocks are off by a percent and REITs and Utilities are off by more than a percent this seems like a surprising orderly sell-off in light of the movement of the 10 year treasury moving higher by 8 basis points.  It helps that the talking heads ar…

It was bound to happen and today (actually overnight) the 10 year treasury has strongly breached the 3% level and is currently trading at 3.06%–the highest level in years.  Honestly there is not a particular visible reason for this move—fewer buyers…

B Riley (NASDAQ:RILY) has priced the new issue of notes mentioned earlier today and terms are a bit more lucrative than we had imagined.  The issue priced at 7.375%.  The notes will mature in 2023. We had previously mentioned a bonus for early redempti…

Primo Water (NASDAQ:PRMW) which purchased Glacier Water Service a couple of years ago is selling common shares with the intention of “paying down debt” and refinancing the balance of their debt. While it is not known for certain if the old Glacier Wate…

B Riley Financial has announced a new 2 million share offering of baby bonds.  The notes will have an early redemption period starting 5/31/2020 and a maturity date of 5/31/2023. This issue contains some bonus payments for early redemptions.  Between 5…

We have entered another Goldilocks period during the last week or so where interest rates trade in a narrow ranges while stocks march higher on almost a daily basis and common stocks are now “even” on the year (not counting dividends). One potential fl…

Coming into the week we had potential to see interest rates higher with the release of the PPI and CPI–but neither number was “hot” and in fact they were a little lite on inflation so the 10 year treasury remained about where it started the week–righ…

MLP Oaktree Capital (NYSE:OAK) has priced the new preferred unit offering we mentioned yesterday at 6.625%.  It is anticipated that this issue will be investment grade. The distributions on these units are NON-CUMULATIVE, but generally the terms are no…

Limited Partnership Oaktree Capital Group (NYSE:OAK) is going to sell a new fixed rate preferred offering. No real detail has yet been announced (such as pricing and size of offering). As a company we kind of like Oaktree, which is organized as a MLP,…