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Last week the S&P 500 barely moved closing the week at 4124 which was off just 12 points from the close the previous week–.2% loss on the week.  The range for the week was incredibly tight as well at 4098 to 4154.  The closer we get to June 1 the m…

As mentioned by a number of people today Wells Fargo has issued their information as to the transition from LIBOR (which is going away in June). Like many issuers WFC has a number of outstanding fixed-to-floating rate preferreds so a clarification was…

Below are press releases from company’s that have outstanding preferred stock and baby bonds outstanding–or just other news of general interest. Harbor Custom Development, Inc. Announces Executive Team Transition Mortgage Rates Inch Down GasLog Partne…

After a few days of respite we saw a rough day for banking preferreds – mostly red, but the red wasn’t as deep as we have seen in the past. It is obviously too early to go ‘all in’ with the banking preferreds–but there should be no doubt that there is…

Today we get the release on producer prices (PPI).  Yesterday we got the consumer prices index release and it was essentially right on forecast. So the hope (mine) is producer prices continue on forecast or even softer—to balance the scale on the stron…

Below are press releases from companys with preferred stock and baby bonds outstanding–or just news of general interest. Costamare Inc. Sets the Date for Its First Quarter 2023 Results release, Conference Call and Webcast Alta Equipment Group Announce…

As most of you know – and certainly those holdings the common or preferred shares should know Franchise Group (FRG) is going private. Info is here. FRG has 1 issue of 7.50% cumulative preferred (FRGAP) shares outstanding–4.5 million shares. The appare…

We all know that the consumer price index (CPI) is important to the Federal Reserve, even though the Fed Chair indicates a preference for the personal consumption expenditures (PCE) number. Last week we had a hotter jobs number with the the unemploymen…

Below are press releases from companys with preferred stock or baby bonds outstanding–or of just general interest. UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2023 Runway Growth Finance Corp. Reports First Quarter 2023 F…

So today I went ahead and bought a starter position in the 2nd lodging REIT preferred shares–to accompany the Pebblebrook (PEB) position from yesterday. I bought the RLJ-A 7.90% convertible preferred issue from RLJ lodging. While this is convertible t…

Well it looks to be a quiet economic day with no real consequential economic news being released.  Obviously this doesn’t mean that markets will be quiet–plenty of stuff going on with banks and the debt ceiling to keep things interesting. Equity f…

Below are press releases from companys with preferred stock or baby bonds outstanding–or just of general news of interest. KKR & Co. Inc. Reports First Quarter 2023 Results American Equity Reports Strong Earnings Driven by Ramping Private Asset Al…