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We get the consumer price index (CPI) in 30 minutes and markets are fully expecting a number that meets the forecast or is even below forecast. The forecast is for a CPI of 6.5% and a core rate of 5.7%. Almost with doubt if the CPI comes in hot we will…

CHS Inc (Cenex Harvest States), a agricultural cooperative has posted earnings for the Quarter Ending 11/30/2022. Results were nothing less than spectacular–$783 million versus $452 million in the year ago quarter. Energy, Ag and Nitrogen were all fav…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. Brookfield Renewable To Host Fourth Quarter 2022 Results Conference Call Scorpio Tankers Announces Repurchases of Its Common Shares…

For those that have not seen the news apparently Franchise Group (FRG) may be going private. FRG has a 7.50% cumulative preferred outstanding FRGAP. If the company goes private they may or may not file SEC reports–they may or may not keep the preferre…

Yesterday was a strange day in the markets as preferreds and baby bonds were up for the 5th day in a row—although only by 1/10%. Interest rates shot higher yesterday by 10 basis points, but income issues which typically would react negatively to high…

mREIT Redwood Trust (RWT) has finally priced their new issue of fixed-rate-reset preferred. They have priced 2.6 million shares with a fixed rate of 10% with a spread of 6.278% (to be added to the 5 year treasury). in April, 2028. The issue is rated BB…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. Dime Community Bancshares to Release Earnings on January 27, 2023 Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Fin…

After nice rally’s in equities and interest rates it appears that markets will go on ‘inflation watch’—somewhat minimal movement as we wait for the all important consumer price index (CPI) to be released on Thursday. Expectations are for the core rat…

Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest. Armada Hoffler to Discuss Fourth Quarter Earnings on February 14th Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Seri…

The 10 year treasury yield is off 6 basis points to 3.51%—most income issues are flattish to slightly green–my main accounts are up about 2/10%. So will see the 5th up day in a row. This is the best rally in income issues since November when we had…

Mortgage REIT Redwood Trust (RWT) has announced a new issuance of fixed rate reset preferred stock. I remember RWT having preferred shares outstanding year ago, but not in recent years. The preliminary prospectus can be found here. This is a company th…

Here we go–off to another exciting week no doubt. Last week was exciting in a good sort of way in that it was very profitable for income investors (and common stock folks as well). The S&P500 moved in a range of 3794 to 3906 and closed at 3895 whi…