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Morgan Stanley (MS) has filed to sell a new issue of preferred stock–non cumulative of course. The issue will be the MS-O series and will pay qualified, non-cumulative dividends on the 15th of January, April, July and October. MS has many outstanding…

Here we go!! The S&P500 rose last week by 1.6% last week to 4471 which leaves us less than 2% off a record high. No reason to think we are going to see severely falling prices until some of the liquidity that is available to investors is spent (on…

So we are all looking for a Federal Reserve tapering announcement in early November likely stating the intention to reduce their purchases of treasury securities and mortgage backed securities starting in December (likely) by $15 billion. EVERYBODY kno…

Below is the pricing detail on the Hennessy Advisors (HNNA) baby bonds announced yesterday. Hennessy Advisors runs many different open end mutual funds under the Hennessy name and their revenue is derived from management fees. The company is small, but…

Hennessy Advisors (HNNA) has announced they have priced a new issue of baby bonds. HNNA manages and markets a family of open end mutual funds branded as the Hennessy Funds. The issue prices at 4.875%. Few details are available as the SEC paperwork has…

COMSovereign Holding Corporation (COMS) has announced they will be selling a perpetual preferred issue. The coupon will 9.25% and the permanent ticker on NASDAQ will be COMSP. The issue will pay monthly dividends which will be cumulative and qualified…

Yesterday I wrote a bit on the closed end funds that invest primarily in CLO’s (collateralized loan obligations) and the question of asset coverage ratios has come up. I do a quick and dirty asset coverage ratio on this page for the CEF’s. Some of the…

Next year will bring a 5.9% increase to Social Security recipients–the largest jump in 39 years. Of course in many cases increases in the cost of goods and services will eat up the large increase, but some of us adjust our cost of living when prices s…

All too often I forget that so many of the visitors to the website are new to investing in baby bonds and preferred stocks. Many of us have favorite sectors that we like to invest in–maybe banks, REITs, utilities, business development companies (BDC’s…

Eagle Point Credit Company (ECC) has posted their normal monthly review. Of course we are always interested since the company has 3 baby bonds and 2 term preferred issues outstanding (which can be seen here). The monthly overview can be seen here.

As noted by kapil this morning (and previously on Friday by ESW3) the website was mentioned (and linked) in the Wall Street Journal on Friday. The article by Jason Zweig, was relative to the SEC regulation 15c2-11 – ‘expert markets’ and the debacle of…

Last week we saw common stocks as depicted by the S&P500 trade in a relatively tight range with a low of 4279 and a high of 4430 closing the week at 4391 which is up about 3/4% on the week. This close is just over 3% off of the all time high. The 1…