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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. LifeMD, Inc. to Announce Fourth Quarter, Full Year 2022 Financial Results on March 22, 2023 Oxford Lane Capital Corp. Provides…

I was amazed looking at the futures prior to market open how ‘quiet’ all markets were–stocks and bonds. Of course we all know futures are not really meaningful. Then minutes before Powell begins to testify before congress the s&p500 takes a good s…

Annuity provider Jackson Financial (JXN) has priced their new fixed-rate reset preferred issue. The initial coupon will be 8% which will last until 3/29/2028 after which time the rate will be reset to the 5 year treasury plus a fixed spread of 3.728%….

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. Downsizes Land Development Infrastructure Division – Reducing Head Count by 56% TEN, Ltd. Ann…

While today is pretty darned quiet–equities are up the tiniest of amounts right now (1/5%) and interest rates are up 2 basis points to 3.98% you can be certain starting at 9 a.m. (central tomorrow) that we will see much more action and movement. There…

Annuity company Jackson Financial (JXN) has announced a new fixed-rate rest preferred. A fixed-rate reset preferred has a fixed rate for 5 years and then ‘resets’ every 5 years at the 5 year treasury plus a fixed spread (yet to be announced). JXN is ne…

Well here we go into what is most likely going to be a pretty wild week. We have Jay Powell testifying to both of the senate and the house–so you know there will be fireworks of some sort. Last week the S&P500 rose by 1.9% and closed right near th…

Any time I post ‘quiet day’ you can be certain it won’t be that quiet. Today equities are up over 1% and the yield on the 10 year treasury is back down just under 4%. Why?? Who really knows. I see that the ‘services’ indexes were adjusted higher this m…

Interest rates are backing off while equity futures are just a small amount higher. Little economic data being released and only 2 minor Fed yakkers . The 10 year treasury is trading at 4.02% after closing yesterday at 4.07%. The high in the last year…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. Signature Bank Releases 2022 Form 10-K Soluna Sharpens Focus on Project Dorothy, Energization and Grid Connection Imminent OFS Cred…

I had just posted the piece on PS Business Parks when I noticed that Blackstone had defaulted on commercial mortgages on office buildings in Finland. As I had noted a number of times giant asset managers like Blackstone and Brookfield do not acquire pr…

In case you didn’t look at the ‘Headlines of Interest’ last night PS Business Parks (which is now privately owned) has once again made a tender offer for any and all preferred shares remaining outstanding. Recall that they made a tender offer for any a…