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Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Slow news day today-again. Diana Shipping Inc. Announces the Filing of Its 2022 Annual Report on Form 20-F LifeMD Declares Qua…

Each day we hear less and less on the banking situation–is it gone? Resolved? Not a chance. All through the financial system we are going to see band-aids being applied to deep problems–kick the can down the road some more, just like we have been doi…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Slow news day today. Energy Transfer to Acquire Lotus Midstream in a $1.45 Billion Transaction Nationwide Survey Finds 48% of…

We’ve had a couple folks note that the reCaptha security can sometimes be difficult for them. I want to make everything as easy as possible for folks, but I have to try balancing easiness with the need to keep the ‘bots’ off our site. So far (in 6 year…

This morning I have initiated a position in Jackson Financial (JXN) 8.0% fixed-rate reset preferred (JXN-A). As I have noted many times I am kind of full up on treasuries and CD’s at the 4.9% to 5.40% area and now is the time to try to buy some fairly…

Last week the S&P500 rose by 1.4% which is a decent performance on a week with a Fed rate hike and this is actually the second week in a row with a 1.4% gain. The 10 year treasury gyrated around before closing the week at 3.38%. Trading was in the…

On Wednesday I bought a small amount of the Lincoln Financial Group 9% non cumulative preferred stock (LNC-D) which was an add to my modest holdings in this issue. This purchase was executed off a good-til-cancelled buy order which was entered a few we…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Global Ship Lease Files its Annual Report for 2022 on Form 20-F Stifel Reports February 2023 Operating Data Pyxis Tankers Anno…

Yesterday I added a ‘taste’ of the Lincoln Financial Group (LNC) 9% non cumulative preferred (LNC-D). I already had a position in this issue and it fell $3/share in the last 2 weeks. This buy came off a GTC buy order. All insurance issues have been ham…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Teekay Corporation Completes $30 Million Share Repurchase Program and Announces New Share Repurchase Program LifeMD, Inc. Repo…

I guess we should expect anything different than a drifting market–both stocks and bonds as we await the FOMC results. You can be certain that the algos will drive prices sharply in both directions at 12:59 p.m. (central). Preferreds and baby bonds ar…

Markets are very calm right now with equity futures pretty flat. Interest rates are universally higher with the 10 year at 3.62% which is up 14 basis points on the week. The FOMC will announce the interest rate hike (or no hike) at 1 p.m. central time….