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A couple items of interest from comments today. mbg posted a link to a shipping recap from Fitch. Given that shippers have some preferreds this may be of interest to some here. ESW3 posted a twitter link to SEC commissioner Hester Peirce with reference…

Finally we have a OTC ticker for the new Ellington Financial (EFC) 6.25% fixed rate reset preferred. The issue trades immediately under OTC ticker EFCBP.

The S&P500 closed last week up around 2% on the week. In spite of significant continuing inflation and a threat from the federal reserve Chair that there may be a need to significantly accelerate the tapering of QE (quantitative easing) in the mont…

Business development company SuRo Capital (SSSS) has priced the previously announced $25/share note issue. The issue prices at 6.00%. The issue is rated BB+ by Egan Jones. The notes mature on 12/30/2026 with an optional redemption available to the comp…

BDC Newtek Business Services (NEWT) as announced a partial call on their 5.75% notes due 2024 (NEWTL). They will call $40,000,000 worth of the bonds (1.6 million shares). The company had previous noted the planned call but here is the official announce…

Babcock & Wilcox Enterprises (BW) has priced their previously announced senior note offering. The issue prices at 6.50% for 5.6 million shares (bonds) with another 840,000 available for over allotment. The issue carries a BB+ rating from Egan Jones…

San Francisco based business development company SuRo Capital (SSSS) has announced they will be selling a new issue of $25 notes with a maturity date in 2026. A quick review shows the company has carried NO leverage up to this point. SuRo has been payi…

mREIT Ellington Financial (EFC) has priced their previously announced fixed rate reset preferred stock. The issue prices at a fixed rate of 6.25% until 1/29/2027 at which time the rate resets to the 5 year treasury plus a fixed spread of 4.99%. The cou…

mREIT Ellington Financial Inc (EFC) will be selling a new issue of fixed rate reset preferred stock. Fixed rate resets carry a fixed rate coupon for about 5 years and then ‘reset’ at the 5 year treasury plus a fixed ‘spread’. They then reset every 5 ye…

Canadian company Brookfield BRP Holdings (BEP) has priced their new perpetual notes. The notes price with a coupon of 4.875%. The notes are low investment grade quality. The issue has no maturity date, but the company has a 2026 optional redemption ava…

Babcock & Wilcox Enterprises (BW) announced they will be selling $125,000,000 of $25 senior notes with a maturity in December of 2026. The company already has 1 issue of baby bonds outstanding as well as an issue of preferred stock–both high yield…

Brookfield BRP Holdings (BEP) has announced a new baby bond issuance. The issue will pay quarterly interest payments and will have an early redemption period starting in 2026. The company has 2 other exchange traded $25 issues in the U.S. which can be…