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Well we had the main shows for the week yesterday and Tuesday with the CPI and the FOMC rate hike. Today we have a gaggle of minor reports which shouldn’t move markets much, but one never knows anymore. Right now equity futures are down over 1% and int…

Today B Riley Financial (RILY) has posted today an ‘open letter’ to board members and shareholders of a company which they have lent money. In this case RILY lent money to a crypto miner named Core Scientific (CORZ) who quit paying interest and princip…

Below are some press releases from company’s with preferred stock and baby bonds outstanding. Sachem Capital Corp. Announces Dividend of $0.13 Per Share Brookfield Renewable Announces Renewal of Normal Course Issuer Bids Scorpio Tankers Inc. Announces…

The Fed whacked the equity markets with the expected 50 basis point hike–but with follow up statements that they will remain vigilant and still have work to do–a hawkish tone. The S&P500 moved 2% lower at 1 p.m. central–and moved almost another…

Pharmaceutical company Harrow Health (HROW) has announced a new baby bond offering. They are offering $100,000,000 in senior notes maturing in 2027. The company has a 8.625% baby bond outstanding already which can be seen here. The preliminary prospect…

Seems like every week we have 1-2 items of key importance – employment, inflation and interest rates. Markets live from news item to news item. Maybe in a year we will get back to fundamental investments stocks and bonds – what a silly thought. Right n…

Gabelli has posted all of their coverage ratios for the closed end funds (which includes the Bancroft Fund and Ellsworth Growth and Income Fund) for the month ending 11/30/2022. Closed end funds must have asset coverage on their ‘senior securities’–ma…

CLO owner Eagle Point Credit (ECC) has posted their latest monthly update. ECC has numerous term preferreds, traditional preferreds and baby bonds outstanding which can be seen here. The update can be seen here.

Add Drive Shack (DS) to the list of company’s going ‘dark’ and delisting their securities. The date of delisting will be 1/3/2023. Drive Shack common shares trade at 47 cents, but the company has continued to pay dividends on their 3 preferred issues….

Below are some press releases from company’s with preferred stock or baby bonds outstanding. Apollo Commercial Real Estate Finance, Inc. Declares Quarterly Common Stock Dividend CoBank Releases 2023 Year Ahead Report – Forces That Will Shape the U.S. R…

Insurer Maiden Holdings (MHLD) has announced they will convert all outstanding preferred shares to common shares and the preferred shares will be deregistered and delisted. This is not something I have followed as the company suspended dividends years…

I was watching my charts as the CPI was released today and it showed exactly what I expected (up or down)–a rocket up almost 1000 Dow points and a huge drop in interest rates. I didn’t expect that the indexes would give back everything (or almost ever…