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Each day common stocks go higher and higher–where it stops no one knows–really NO ONE. I can find all sorts of fundamental data that would show that the never ending climb higher in equities is silly–but really who cares about fundamental data? We a…

Kicking off another week with some trepidation as states around the U.S. go into various forms of ‘lockdowns’. In Minnesota bars and restaurants and fitness centers will again take the brunt of the economic damage as all of them have been ordered to sh…

As noted by mcg below the OTC ticker has been announced as VORTP. Vornado Realty Trust (VNO) has priced the previously announced new perpetual preferred stock. The coupon is 5.25%. The issue is cumulative, but non-qualified for preferential tax treatme…

Office REIT Vornado Realty Trust (VNO) will be selling a new issue of $25 preferred stock. The terms of the issue are typical–cumulative, optionally redeemable in about 5 years and non qualified. The company has 3 other issues outstanding, 2 of which…

Insurer CNO Financial (CNO) has finally priced the previously announced new issue of baby bonds. The issue will carry a coupon of 5.125%. The issue is rated below investment grade by Standard and Poor’s at BB and Moody’s at Ba1. Fitch rates it at BB as…

Brookfield Finance I (UK) PLC, a Brookfield Asset Management (BAM) company has sold a new issue of $25 subordinated notes. These notes are fully and unconditionally guaranteed, on a subordinated basis, by giant asset manager Brookfield Asset Management…

The Gabelli Healthcare and Wellness Trust (GRX) has announced they will be calling the only preferred they have outstanding. The 5.875% GRX-B shares will be redeemed on 12/24/2020 for $25 plus 35.9 cents of dividends accrued. The various Gabelli funds…

CNO Financial (CNO) has announced they will be selling a new issue of baby bonds (subordinated debentures). The company, which is the parent of many different insurance companies, will sell the $25/bond issue with a maturity date in 2060 and an optiona…

Insurer Assurant Inc. (AIZ) has priced their previously announced subordinated notes. The issue was priced at 5.25%. The issue is rated Ba1 by Moody’s and BB+ by Standard and Poor’s–both 1 notch lower than investment grade. The issue will pay quarterl…

Large insurance company Assurant Inc (AIZ) has announced they will be selling some $25/share subordinated notes. The $44 billion asset company will sell notes with the typical terms–including the ability to defer interest payments for up to 5 years on…

Ready to get a new week underway and get back in the swing of things after 5 days on a ranch in Arizona, although after being 5 days without a TV and work it may take the better part of this coming week to get ‘fired up’ again. The S&P500 moved in…

I will be out of the office some in the next couple of days so will be slow to get new issue information posted. Reader initiated alerts will have them very quickly as is typical.