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New York Mortgage Trust (NYMT) has priced a new issue of perpetual preferred stock. The issue prices at 7.00% for 3 million shares with another 450,000 available for over-allotments The company has a number of other preferred issues outstanding which c…

Atlanticus Holdings (ATLC) has announced pricing on the previously announced baby bond issue. The issue prices at 6.125% for 5.4 million shares (bonds) plus another 600,000 for over-allotments. The optional redemption price is $25.50 starting 11/30/23,…

CLO owner Eagle Point Credit Company (ECC) has announced a new issue of preferred stock. The new Series D issue will be listed on NASDAQ under ticker ECCD. Dividends will be paid monthly. ECC has a number of term preferred issues and baby bonds outstan…

I will be out of the office for the next number of days starting at 8 a.m. central today. This means I will be slow to get info posted. Folks are encouraged to watch the Reader Initiated Alerts page for all timely information.

Bitcoin miner Argo Blockchain (ARBK) has priced their new senior notes. The notes priced at 8.75% for 1.6 million shares (bonds). There are another 240,000 shares available for over-allotments. The issue has an optional redemption period beginning in 2…

Blockchain technology company Argo Blockchain (ARBK) has announced the sale a new issue of baby bonds. Argo is a bitcoin miner. NOTE this is a British company. The company is selling 1.6 million shares, with another 240,000 available for over-allotment…

Financial services Atlanticus Holdings Corporation (ATLC) has announced they will be selling a new issue of baby bonds. The $25 issue of senior notes will have a maturity date in 2026. These notes will have optional early redemption starting in 2023 an…

Closed end Fund RiverNorth/Doubleline Strategic Opportunity Fund (OPP) has priced the previously announced preferred stock. The issues prices at 4.75%. The issue is cumulative and strongly investment grade at A1 from Moody’s. The issue will trade on th…

DTE Energy (DTE) has priced their new issue of subordinated debentures. The issue prices at 4.375%. S&P rates the issue BBB- with Moody’s rating it Baa3 (both low investment grade). Fitch rates it BB+. The issue will not trade on the OTC before tra…

Closed end fund RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) has announced they will be selling a new issue of perpetual preferred shares. The fund already has 1 issue of preferred stock outstanding with a 4.37% coupon (OPP-A) which is tradin…

Michigan utility DTE Energy (DTE) has announced a new issue of $25/share subordinated debenture. The issue will mature in 2081 and will have an early optional redemption available to the company beginning in 12/1/2026. The issue will be investment grad…

The S&P500 gyrated around this past week without going far at all. The index fell by .3%—essentially no change. We remain about 3/4% off a record high. With quantitative easing tailing off a bit in the next 2 weeks and inflation raging we could h…