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Energy company Tellurian Inc. (TELL) has announced the upcoming sales of a new issue of baby bonds. This issue will have a maturity date on August 31,2028. An early redemption period will begin 8/31/2023 and bonds will be redeemable on a sliding bonus…

I see some questions on CLO’s (collateralized debt obligations) relative to Eagle Point Income Company (EIC) This company invests mainly in the debt tranches of the CLO’s–just like debt of any company it is senior to equity. The vast majority of all o…

Eagle Point Income Company (EIC) will be selling a new issue of Term Preferred Stock. This will be a monthly payor. EIC is the sister (or maybe it is brother) company to Eagle Point Credit Company (ECC) who has issued term preferreds for years. Like EC…

Just a note pointing out that B Riley Financial (RILY) has released a new presentation. The presentation can be seen here on Seeking Alpha–I don’t find it posted on B Riley’s website. I post this for those interested who might have missed it.

I need to post this before the thought escapes my old mind. Sometime next week – around the 1st of the month the website will be down for a couple hours. I have requested that this take place after 5 pm in the evening since that is when website traffic…

Charah Solutions Inc. (CHRA) has priced a new issue of baby bonds with a maturity date in 2026. The issue will be redeemable starting on 8/31/2023 on a sliding scale bonus rate for 2 years before reverting to the $25 liquidation preference up until mat…

Here we go–waiting with baited breath to hear what kind of talk comes out of Jackson Hole (well not exactly out of Jackson Hole) this week. Unlike past years the ‘symposium’ will be virtual–less chance of having a couple of martinis and spilling the…

Thanks to J I see that tiny crypto miner and vibration equipment maker Mechanical Technology Incorporated (MKTY) has sold a new issue of perpetual preferred stock. They have sold 720,000 shares. The issue is cumulative, perpetual and likely non qualifi…

Just to note that B Wayne Hughes has died. B Wayne Hughes was the founder of giant self storage REIT Public Storage (PSA) and PS Business Parks (PSB) and heavily part of the single family rental company American Homes 4 Rent (AMH). To us preferred stoc…

HankLA posted a comment today in the Reader Initiated Alerts page which was very short today– Bridgewater Bancshares is trading, BWBBP With this little note I know some of you folks picked it up at a reasonable price (unfortunately I wasn’t one of the…

I have been watching the ‘jousting’ going on in the comments on the site a bit closer this week. Just a reminder to try to keep it civil—please don’t attack fellow posters–debate yes–attack no. One other item I am also watching is for posts from th…

This new issue is now trading on the NASDAQ under ticker BWBBP. It is a never ending game recently chasing symbols–thanks to HankLA for posting this info.