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Thanks to all those folks who highlighted this new issue on the Reader Initiated Alerts page. Financial services company JMP Group (NYSE:JMP) has priced a new baby bond ($25 Senior Notes). The company had originally filed their registration statement 1…

This issue was noted and discussed on the Reader Initiated Alerts page by many different folks yesterday–thanks. Financial services company B Riley (NASDAQ:RILY) has sold a new issue of baby bonds. The company plans to redeem their 7.50% 2021 bonds (R…

I will be out of the office during business hours for the next number of days and as such will be less than timely on any new issues etc. The good part is that Reader Initiated Alerts will no doubt have any new issues etc. and a very fast basis as folk…

Wednesday has a chance to be exciting–or it could be as boring as watching paint dry. Regardless of what the FED does with the Fed Funds rate (no cut, 1/4% cut or even a 1/2% cut) we won’t react to it. Our investment methods do not really allow us to…

David (and many others) have pointed out that this issue is trading under ATHHF—NOT the ATHHY that FINRA posted to their website.

Finally we have a filing for the new Athene Holding LTD preferred stock. Here are the details. The pricing term sheet is here. As pointed out by Bob-in-DE potential investors always need to compare the new issue with older issues outstanding–in this c…

Athene Holding (NYSE:ATH) has announced a new fixed rate non-cumulative preferred issue. Of course no details are known yet except for the typical terms–non-cumulative (being a financial company), quarterly payments and qualified for preferential tax…

We note there has been a vigorous (but civil) political discussion occurring on one of the old threads and want to remind everyone that we try to discourage political discussion as it tends to get a bit contentious. Personally we are not worried about…

We are staring into a potentially exciting week with spiking oil prices, because of the Saudi attacks and because of the 1/4% Fed Funds rate cut we will most likely see on Wednesday. Last week the S&P 500 traded in a range of 2969 to 3020, within a…

Below are the details of the pricing of the new fixed rate, cumulative preferred stock issued by REIT Rexford Industrial (NYSE:REXR).

As most all of you know closed end funds (CEFs) offer some of the highest quality preferred stocks available. In fact this is our favorite “shopping” place–although in their current overvalued state there are not many bargains. The safety of these pre…

As those folks that have been following the news this weekend already know a drone attack on Saudi oil fields and facilities has forced Saudi Aramco to shut down over 5 million barrels of oil production–about 1/2 their production. We can expect to see…