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EarlyBird has posted information that the new Ford Motor Company (F) will begin to trade on Friday 8/26. This issue carries a 6.5% coupon. The ticker will be F-D. It is likely that some brokers will not get the issue posted right away. Also the new 6.2…

Below are press releases from company’s that have preferred stock or baby bonds outstanding. RPT Realty Refinances and Upsizes Its $810 Million Unsecured Credit Facility Newtek Prices its 12th S&P-Rated Loan Securitization of $116.2 Million of SBA…

For years I have watched as the specialty finance company’s (CLO owners) have sold millions of shares of common stock in ‘follow on’ ‘at the market’ offerings. These company’s (Oxford Lane Capital (OXLC), Eagle Point Credit (ECC) etc) pay huge dividend…

Just a note that folks pondering a current investment in the new baby bond from BDC (business development company) Trinity Capital (TRIN) need to recognize the terms of the issue. I am referring to the 7.00% notes due 2025 (TRINL). This issue has a ver…

Lots of folks raising money today–plenty of fear about higher interest rates. While the markets have a fair idea on where the Fed is going with short term interest rates there seemed to be a gap in investors thinking until the last few days–no one wa…

The S&P500 traded in a range of 4218 to 4325 closing the week at 4228 which is a drop of about 1.2% from the previous Friday–in the big scheme of things not much of a move. The 10 year treasury rose to close at 2.99% which was a rise of about 15 b…

Last night in the ‘headlines of interest’ I posted a presentation from lodging REIT Pebblebrook Hotels (PEB). PEB has 4 issues of preferred stock outstanding–all of them with current yields of 6.6% to 7% and all trading under liquidation preference of…

Below are some press releases from companys that have preferred stock and/or baby bonds outstanding. Annaly Capital Management, Inc. Announces Preferred Dividends Bridgewater Bancshares, Inc. Announces New Stock Repurchase Program Citizens Financial Gr…

OTC temporary ticker just announced as MSBSV Below is the detail on the Midland States Bancorp Fixed-Rate Reset Preferred stock. The temporary ticker has not been announced as of 8:15 a.m. central time. Take note that this is a lower quality issue–obv…

Below are press releases from company’s that have preferred stock or baby bonds outstanding. American Financial Group, Inc. Increases Annual Common Stock Dividend by 12.5%; Seventeenth Consecutive Year of Dividend Increases Ellington Financial Announce…

Midland States Bancorp (MSBI) has priced their new issue of fixed rate reset preferred stock. The issue prices at a juicy 7.75% initial coupon. The company has sold 4.6 million $25 shares. The pricing term sheet has not yet been filed with the SEC–but…

Hard money lender Sachem Capital (SACH) has priced their previously announced baby bond. The issue prices with a coupon of 8%. Egan Jones has assigned a BBB+ rating to the issue. The issue has a maturity date on 9/30/2027 with an early redemption avail…