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Business development company (BDC) Logan Ridge Finance (LRFC) has announced they have sold $50 million worth of private placement notes with a coupon of 5.25%. They stated they plan to redeem a portion of the 6.00% notes due 2022 (CPTAL). No firm annou…

The previously announced 9.25% cumulative preferred stock from COMSovereign Holding Company (COMS) is now trading. The ticker is COMSP. The details of the offering are buried in this document–I will publish details when I can ferret them all out. The…

Have folks fallen asleep? The FOMC meeting start is just 6 days away and the ‘statement’ is just a week away with the Fed chair presser immediately following. Even though the FED statement is highly likely to signal the start of the tapering of quantit…

We have had a couple new issues lately that have many of the attributes that I like for a spot to ‘stash the cash’. It seems like there has never been a time this year (and last actually) when I didn’t have too much cash in our accounts. Each time you…

The new 4.875% Hennessy Advisors baby bonds (HNNAZ) is now trading and has shot up to $25.45. I bought a taste at this high price–planning to hold to maturity in 2026.

Well the stock markets continue higher as plenty of liquidity drives prices higher. The S&P500 moved higher by about 1.7% on the week–closing 1/10% under a record high trade. Strong cash balances (dry powder) remain available to ‘buy the dip’. Bel…

Well the new 5% term preferred issue from Eagle Point Income (EIC) is off and running. Why is an issue with a meager coupon of 5% trading strongly at $25.35? It’s the ‘term’, the monthly dividend payment, and quality that is a step above the other CLO…

As noted by PTrader earlier today Prudential PLC (PUK) has come a calling. The company is calling the 6.50% (PUK-A) and 6.75% (PUK-) issues effective 12/23/2021. The issues can be see here. Here is the company press release Interestingly the company ha…

We all knew this was coming and it has–First Bancorp (FBP) has called for redemption of ALL of their monthly paying preferreds. The redemption date is 11/30/2021. There are 5 issues outstanding which can be seen here. All of these have been redeemable…

Business development company OFS Capital Corporation (OFS) has priced the previously announced baby bonds. The notes price at a rock bottom coupon of 4.95% for 2 million shares (bonds) with another 200,000 available for over allotment. The issue will t…

BDC OFS Capital (OFS) has announced they will be selling a new issue of baby bonds. The company has already announced the redemption of their 6.25% Notes due 2023 (OFSSG) for 11/1/2021. This leaves the OFSSI 5.95% notes outstanding which become redeema…

I noticed that some folks are having a little trouble with comments in some sections of the website. Some of you probably recall when we started sections like ‘Reader Initiated Alerts’ that the settings only allowed for a certain number of comments bef…