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Well I was waiting for the 1 piece of news that would light a fire under the ‘party’ and we got it. Honestly I expected a party with a softer inflation number–but it is just 1 piece of data–in the big picture nothing to get carried away about, but as…

After waiting for a few months we finally get some directionally favorable inflation news. Markets are flying. Inflation came at 7.7% year over year–below the 7.9% expectation. The core month over month change came at .3% versus versus .5% expected. E…

Below are some press releases from company’s with preferred stock or baby bonds outstanding. Global Ship Lease Reports Results for the Third Quarter of 2022 Maiden Holdings, Ltd. Releases Third Quarter 2022 Financial Results Sachem Capital Revenue Incr…

CEF (Closed End Fund) RiverNorth Opportunities Fund (RIV) has completed their previously announced common share rights offering. RIV has a 6% perpetual preferred issue outstanding (RIV-A) which constitutes the funds ‘leverage’ on which they must have 2…

Oxford Lane Capital (OXLC) just keeps selling common shares–now at 74 million shares in the period of 6/4/2020 to 11/8/2022. In total they have 159.2 million shares outstanding. The company has to maintain a 200% asset coverage level for senior securi…

Now that elections are mostly behind us (except for a handful of races) we can move onto the worryings of the consumer price index (CPI). Tomorrow we have the CPI announcement at 7:30 a.m. (central) and consensus is for a reading of 7.9% as compared to…

Below are press releases from company’s that have preferred stock and baby bonds outstanding. First Eagle Alternative Capital BDC Reports Third Quarter 2022 Financial Results and Declares a Dividend of $0.11 Per Share UMH PROPERTIES, INC. REPORTS RESUL…

Interest rates have backed off a little–down 6 basis points on the 10 year treasury. The S&P500 has moved higher virtually all morning in a very calm manner until a sell off at noon–dragging income issues along for the ride. Overall preferred sto…

Equities had quite the party yesterday with the S&P500 up almost 1%—which serves to keep some fire on the ‘bottom is in’ argument. I wish it was in, but I have no real idea–seems to me we need to see a lot more economic data before we know where…

Below are some press releases from company’s that have preferred stock or baby bonds outstanding. Newtek Business Services Corp. Reports Third Quarter 2022 Financial Results Navios Maritime Partners L.P. Announces the Date for the Release of Third Quar…

Another exciting week is upon us–we have CPI (consumer price index) numbers ahead of us on Thursday at 8:30 a.m. (central). I see expectations of 7.9% versus 8.2% year over year–so obviously we have room for a surprise in this number. This may be the…

Both the Virtus Convertible and Income Fund (NCV) and the Virtus Convertible and Income Fund II (NCZ) have come back into compliance with required asset coverage rations. The 2 CEfs had to suspend their common share distributions, which is the kiss of…