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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. Harbor Custom Development, Inc. Announces Regaining Nasdaq Compliance Oxford Square Capital Corp. Announces Net Asset Value an…

The Hennessy Advisors 4.875% baby bonds just fell $2.36/share on a 1,000 share ‘get me out trade’. Very thinly traded issues can get hammered–for no real reason. The bid is now $21.00 with an ask of $22.50. Whoops–just as I was typing this someone st…

Yesterday was a green day for common stocks, but the beatings continue for preferred stocks and baby bonds. I did not calculate the average loss for yesterday, but it was plenty big–certainly at least 1%. You would expect to see the bankers get beaten…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Safe Bulkers, Inc. Announces Common Stock Repurchase Program SuRo Capital Corp. Will Commence a Modified Dutch Auction Tender…

Irrespective of the 10 year treasury being at 3.48% there remains plenty of ‘fear’ from income investors–not about interest rates. Generally we have prices that move with interest rates from the preferreds and baby bonds–but there are times–like now…

Well here we go–the FOMC meeting is on deck starting tomorrow culminating with an interest rate decision to be announced Wednesday at 1 p.m. central. A presser to follow at 1:30. Over the weekend we have Credit Suisse (CS) being bought by UBS for $3.2…

As I noted last week I am going to add some relatively high quality issues to my portfolio and I am starting off with more preferred shares from issuer Tri-Continental Corp (TY) which is a $1.4 billion closed end fund. To me this is the finest quality…

Ok–it has been a week or so in which I have been fixated on the banking issues and I am tiring of it. I hold a number of regional and community bank preferreds–all in modest position sizes. I have Customers Bancorp (CUBI) preferreds F (CUBI-F) and th…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Mortgage Rates Pull Back UMH PROPERTIES, INC. PUBLISHES ITS 2022 ANNUAL REPORT TEN Ltd. Reports Record Profits for Fourth Quar…

Financial firm B Riley Financial (RILY) as posted a new presentation for the 4th quarter and year ending 12/31/2022. The company has many baby bonds outstanding as well as a perpetual preferred issue which can be seen here. The new presentation can be…

The 5.4% non callable mentioned below is gone–I doubled back to get a little and they are sold out. I don’t watch CNBC much–a little bit premarket, but other than that it is so much news I don’t need, but on occasion I miss news items that happen min…

The rush out the door is on again, in particular with First Republic Bank (FRC) and PacWest Bank (PACW), but in general with all regional bankers. We saw the big bounce earlier in the week in these issues and their preferred issues and I mentioned a nu…