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Business development company Saratoga Investment (SAR) has announced the issuance of new baby bonds. The preliminary prospectus is here. SAR has 3 baby bonds current outstanding and they can be seen here. The new issue is not yet priced. Egan Jones rat…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Drammen and Her Entry Into Time Charter Contrac…

Well the moves in equities in the last couple of weeks have been pretty muted.  Almost daily the indexes move in a narrow range – seeming to be waiting on ‘something’ to occur.  I don’t know if that ‘something’ is another bank liquidation, the next int…

FAT Brands Inc. Announces Second Quarter Cash Dividend on Class A Common Stock and Class B Common Stock Digital Realty Schedules First Quarter 2023 Earnings Release and Conference Call BRAEMAR HOTELS & RESORTS ANNOUNCES AN EXTENSION ON ITS MORTGAGE…

Last week the S&P500 closed at 4105 which was just barely off from the previous Friday close of 4109–off course the week was a short week with the Good Friday holiday. The 10 year treasury closed the week at 3.29% which was a full 20 basis points…

From later last week there were a couple of headlines of interest. 1st off First Republic Bank announced the suspension of dividends on their preferred. The announcement is here. 2ndly CHS (Cenex Harvest States), the giant agricultural cooperative, ann…

This is a laundry list of issues I currently own. No recommendations here–just what I own now. As I have noted I will be mostly adding to current positions–versus starting new positions–but there are areas that intrigue me such as lodging REITs and…

Well not much market action today being Good Friday and for the most part markets are closed. Employment numbers were released for March and I guess I view them as somewhat Goldilocks. 236,000 new jobs were created versus a 238,000 forecast and much sl…

Armada Hoffler to Discuss First Quarter Earnings on May 9th GasLog Ltd. and GasLog Partners LP Announce Agreement for the Acquisition by GasLog Ltd. of GasLog Partners LP’s Publicly Held Common Units Safe Bulkers, Inc. Declares Quarterly Dividend on it…

Today we had 1st time unemployment claims come in at 228,000 versus a forecast of 200,000 and last weeks number of 246,000 – I guess that is slightly softer than expectations, but seems quite a long way from where it will need to go to have the Fed bac…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Freddie Mac’s 2023 Equitable Housing Finance Plan Builds on Year One Achievements Sachem Capital Corp. Announces Dividend of $…

I am confused that on a continuous basis Fed folks claim to be data dependent yet when the ‘have the stage’ they say rates need to be higher (or lower) – are they data dependent or not? Yesterday Cleveland Fed President Mester said rates need to go abo…