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Eagle Point Credit has released their normal monthly presentation on the business. The report can be found here. We make this note as ECC has 2 outstanding term preferreds as well as 2 outstanding baby bonds. Disclosure–we own shares in some of the Ea…

Just a quick FYI–we added another ‘tab’ to the baby bond listing. This tab brings up the list “By Maturity”. Many times when a baby bond is within 12-24 months of maturity the price will trade in a ever narrowing range–meaning maybe less volatility….

Non publicly traded closed end fund (CEF) which has 2 term preferreds currently outstanding, and is now trying to sell a new term preferred, has released a new “slide show”. Priority Income has been difficult to do due diligence on in the past, but now…

Mortgage REIT Arbor Realty (NYSE:ABR) reported excellent earnings this morning. The company reported true GAAP earnings of 47 cents/share (adjusted funds from operations–AFFO–was less stellar at 29 cents/share)–the company pays a 27 cent/share quart…

On Thursday we had retail sales released for the month of December and if taken at face value you could say the sales were down right lousy. Sales were announced falling by 1.2% in December–and more surprising was the fall of over 3.9% on internet sal…

AmTrust Financial baby bonds will begin to trade on the OTC exchange in the next couple of days (of course just after we removed them from our baby bond listing). The 7.50% subordinated notes will trade under the ticker AFFT. The 7.25% subordinated not…

Closed end fund Priority Income Fund, (a non traded fund), will attempt again to sell a new term preferred issue. This issue will have a mandatory redemption in 2024. As you may recall Priority tried to sell this issue back in November/December and wit…

Specialty finance company Oxford Lane Capital (NASDAQ:OXLC) has released a new investor presentation. OXCL has 2 issues of monthly paying term preferred which we and others have owned over the years. OXLCO has a coupon of 7.50% while OXLCM has a coupon…

The new 6% baby bond sold by Fidus Investment (NASDAQ:FDUS) has begun trading under the ticker FDUSZ. The issue has a maturity date in 2024.  Of course the issue is unrated (as is true of most BDC baby bond issues). Shares started trading in the $24.75…

We continue to work on updating and upgrading various items within the website. This always precludes us from as much participation in discussion etc. as we would like, but it is our preference to keep adding and improving. On the “Preferreds” you will…

As we do on most days we just reviewed the “preferred stocks at near new lows” and “preferred stocks by share price loss” lists and both show that the day is pretty quiet in the income arena, although the average share has crept up around a dime. We ar…

Yesterday we had a good example of someone who was “asleep at the wheel” as someone bought just a little over 700 shares of the Kayne Anderson 3.50% Mandatory Redemption preferreds (KYN-F) at $25.36-$25.38. This was 30 cents above the last trades and t…