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I had positions in the Carlyle Credit Income Fund 8.75% term preferred (CCIA) since April and had bought shares a number of time since–now 95% of the shares have been sold. Shares had moved sharply higher in the last week–actually hitting the $27.80…

As noted by aj in the comments just now Brighthouse Financial (BHF) is looking to sell itself. I have very modest exposure to 2 preferred issues which I may/may not exit with losses. My concern is a potential delisting of preferred shares–I will need…

I have a couple mREIT fixed to floating rate preferreds in the portfolio–in limited quantity that have performed very well in the current environment. Looking at the reduced potential for interest rate cuts from the FOMC this year these issues have go…

Markets are back to a calmer mood this morning with the S&P500 up just a bit, as is the NASDAQ. The DJIA is being buffeted by lousy earnings from Boeing–what a surprise (not). While markets may be calmer at this moment I wouldn’t expect that to co…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Energy Transfer Announces Increase in Quarterly Cash Distribution Freddie Mac Issues Monthly…

Well we have had quite a ride lower today–based on Chinese AI? Or maybe based on the Columbian dustup. Or maybe there simply are lots of folks with big gains in big tech who are looking for a reason to sell. NASDAQ is off 3% and the S&P500 is off…

One can’t really predict with any level of certainty to whether equity markets are going to move into a ‘melt up’ with all the cash that continues to be available in fixed income–OR whether markets will ‘melt down’ as folks decide it is time to bail o…

I have been watching the earnings releases this past week as I always suspected we would see write-offs increase–previous earnings were always highly suspect to me–i.e. too good to be true. Now we are seeing some items come home to roost–not necessa…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  Customers Bancorp Reports Results for Fourth Quarter and Full Year 2024 Dime Community Bancs…

Looking over markets today and I see no reason to either buy or sell anything–for the moment I feel comfortable where I am at–obviously we have tons of uncertainty out there as to whether interest rates are heading down more or have we seen the lows…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Higher Mortgage Rates Likely to Keep Existing Home Sales Near Multi-Decade Lows Vornado Annou…

As I look around at the minimal number of preferred issues I want to hold (or maybe buy) at this time virtually all of them fall within either the CLO closed end funds or in the BDC (business development companies) area. One that I have looked at for a…