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Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Melia Pacwest Bancorp Announces Quarterly Dividends Nu…

As expected the Fed has raised the Fed Funds rate by 1/4%–but has included somewhat hawkish verbiage in the statement implying more hikes to come. Anyone looking for a pause needs to keep hunting for one I guess. Stephen in a comment this morning hit…

In an hour we finally get the announcement on the Fed Funds rate increase, but it will be 2 hours or so before we get all the news out–i.e. Jay’s presser. This morning we had the ADP employment number come in very weak–for what it is worth 106,000 ne…

It is a rarity to have gains in preferred stocks like we had in January–the gain was in the 8% area on the average share. Personally I lagged the market by 1.5% as I have an allocation to CDs and shorter maturity treasuries. I am sure many outperforme…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. AMMO, Inc. Sets Fiscal Third Quarter 2023 Earnings Call Wells Fargo Updates 2023 Earnings Release Date Information and Announces 20…

Financial firm B Riley (RILY) has struck a deal with Greenidge Generation Holdings (GREE) , a crypto miner, in respect to the debt RILY holds. This is not a big deal to RILY–but it is indicative of some of the low quality deals Bryant Riley has put th…

The employment cost index came in a little softer at 1% than the 1.1% expected while the Case Shiller home price index showed a 3.1% reduction –both playing into the scenario of a softening economy. What is bad news is good news today–equities are up…

Once again interest rates are very quiet – in the last 7 days rates (the 10 year treasury) have traded between 3.42% and 3.55% with closing yields of 3.46% and 3.55%. This morning the 10 yield is at 3.52% right now. I think we are due to break this ran…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. New York Mortgage Trust Announces Tax Treatment of 2022 Dividend Distributions Arbor Realty Trust Announces Tax Treatment of 2022 D…

Closed end fund RiverNorth Capital and Income Fund (RSF) has completed a rights offering to their common holders. The rights offering has helped to bolster their asset coverage ratio (must be above 200%). The company has sold 1.047 million shares for $…

Let’s go–let’s get this week underway–I have no idea why I am all fired up to get this week underway. Maybe because the weather here is terribly cold (-12) and I have been very bored–I think I will be looking into a gym membership this week. Anyway…

Equity markets are quiet at this moment, but it is very likely that this will change in an 30 minutes when economic news hits. The 10 year treasury is up 4-5 basis points to about 3.54.% At 7:30 a.m. we have the PCE (personal consumption expenditures p…