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Well it is just about an hour until the consumer price index for November is released and there hasn’t been a more anticipated inflation number this year – we are just at the cusp of an announcement of the next interest rate hike making the number even…

Below are some press releases from company’s that have preferred stock and baby bonds outstanding. New York Mortgage Trust Declares Fourth Quarter 2022 Common Stock Dividend of $0.10 Per Share, and Preferred Stock Dividends Diana Shipping Inc. Announce…

REIT Gladstone Commercial (GOOD) has approved up to $20 million in buybacks of their preferred shares through open market transactions. Both of their issues are trading $5/share below liquidation value ($25s/share). The press release is here. The 2 out…

CLO owner OFS Credit Company (OCCI) has posted a new investor presentation. The presentation is here. OCCI has 2 term preferreds outstanding which can be seen here.

Last week the S&P500 sold down by 3.4% closing the week at 3934. The 10 year treasury closed the week at 3.57% which was 7 basis points higher than the close the previous Friday. The yield traded in a range of 3.40% to 3.61%—all things considered…

The has been plenty of talk and concern of preferred issues being ‘delisted’ after mergers/acquisitions lately. Of course there are delistings that have occurred not related to mergers/acquisitions–simply because of management deciding to delist (i.e….

The stock indexes are pretty darned quiet this morning–all morning. The futures markets took a huge tumble of 2-3% at 7:30 am (central) when the producer price index (PPI) was released. PPI came in at .3% versus forecast of .2%—obviously the ‘algos’…

Below are some press releases from company’s with preferred stock or baby bonds outstanding. Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares DTE Energy sets 2023 annual meeting date A…

Per Whitney and Martin in the comments the new baby bond from Runway Growth Finance (RWAY) is now trading under ticker RWAYZ. Looks like it is trading right around $24.95/share. This issue carries a 8% coupon. Info on the issue is here.

Yesterday interest rates took a bit of a tumble, but overall preferreds and baby bonds didn’t move at all. Patience is required at this time to see increases in pricing. As income investors we all want our holdings to move higher when rates move lower,…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. Global Ship Lease Announces Results of 2022 Annual Meeting of Shareholders Priority Income Fund Announces 11.1% Annualized Cash Distribution Rate (on Clas…

Specialty finance company and closed end fund Oxford Lane Capital (OXLC) continues to sell plenty of common shares and they have released their latest update to sales. With the share price at $5.11 which is a premium to the net asset value (NAV) of $4….