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It seems like there is always something to be concerned about–this week we already have an important data point being released tomorrow in the Consumer Price Index (CPI). The year over year expectation is for a reading of 8.0% as compared to the last…

Last week the S&P500 moved in a range of 3887 to 4077 – a range of 190 points, almost a 5% spread. The index closed at 4067 which was a gain of 3.6% on the week. The 10 year treasury moved in a range of 3.21% to 3.35% and closed the week at 3.32% w…

Below are some headlines from company’s with preferred stock and baby bonds outstanding. Soluna Holdings, Inc. Announces Monthly Dividend for Series A Preferred Stock Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeem…

When you are holding ‘live’ (issues that are currently in the floating period) floating rate, fixed to floating rate and fixed rate reset securities you need to know the date that is used to determine the next dividend since the coupon is determined by…

Below are some headlines from company’s that have preferred stock or baby bonds outstanding. Navios Maritime Holdings Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2022 Priority Income Fund Secures Upsized $40 Mill…

mREIT AGNC Investment (AGNC) has priced their new fixed rate reset preferred. The issue prices at 7.75% for 6 million shares. The coupon will remain fixed until 10/15/2027 at which point it will ‘reset’ to the 5 year treasury plus a fixed spread of 4.3…

Below are some headlines from company’s which have preferred stock or baby bonds outstanding. Great Elm Group, Inc. Schedules Fiscal 2022 Fourth Quarter and Full Year Earnings Release and Conference Call SiriusPoint Announces Scott Egan as Chief Execut…

Large mortgage REIT AGNC Investment (AGNC) has announced a new issue of fixed rate reset preferred stock. AGNC has numerous issues of preferred stock outstanding which can be seen here. This will be the company’s first ‘fixed rate reset’ issue–no doub…

Time and time again we see preferred stock and baby bond prices play out in the same fashion. Rates rise–quality issues tumble hard–rates stabilize–and prices start to move higher and creep slowly higher until rates move again (higher or lower). For…

Below are some headlines from company’s with preferred stock or baby bonds outstanding. Hersha Hospitality Trust to Report Third Quarter 2022 Earnings on October 26, 2022 SuRo Capital Corp. Announces Expiration and Final Results of Tender Offer 7th Mer…

Closed end fund Priority Income Fund (untraded) has released their annual report after a short delay as they worked to verify processes and procedures relative to valuing their CLO’s (collateralized loan obligations). PRIF has a gaggle of term preferre…

Well we had a long weekend to rest up so once again we are ready for a wild and crazy week–you know that markets will gyrate plenty–there is too much uncertainty in the world. Where are rates going? Where are energy prices going as we export our natu…