Home

mREIT PennyMac Mortgage Investment Trust (PMT) has priced the previously announced preferred stock issue. The issue prices at a fixed rate of 6.75% for 10 million shares (plus another 1.5 million for over allotment). The proceeds will be used for gener…

Mortgage REIT PennyMac Mortgage Investment Trust (PMT) has announced they will be selling a new issue of fixed rate perpetual preferred stock. PMT has 2 fixed to floating rate preferreds currently outstanding which can be seen here. Neither issue is cu…

The new perpetual preferred stock issue from shipping container lessor Textainer Group Holdings Limited (TGH) has been priced. The issue prices with a fixed rate coupon of 6.25%. The issue is unrated, cumulative and qualified. The optional redemption p…

As noted by af the OTC grey market ticker will be TGHPV tomorrow on the new Textainer Group Holdings (TGH) perpetual preferred stock. Unfortunately the pricing for the issue has not yet been announced (as of 6pm central) Additionally the TGHPV ticker w…

Textainer Group Holdings (TGH) has announced another new issue of perpetual preferred stock. The shipper container lessor already has 1 other issue outstanding which can be seen here. The preliminary prospectus can be found here. af was right on top of…

Here we go again–another week to see if stocks continue their almost never ending levitation. Last week the S&P500 rose by 32 points–about 3/4%–no surprise as every slight dip is bought. Interest rates (as represented by the 10 year treasury) cl…

The issue is trading on the OTC grey market under ticker CNBOV (as noted by af below)–look for this ticker to change soon. New Jersey Banker ConnectOne Bancorp (CNOB) has priced a new $25/share reset rate preferred issue. The company priced 4 million…

Minnesota banker Bridgewater Bancshares (BWB) has priced a new perpetual preferred share offering. The issue prices at 5.875% for 2.4 million shares–there is another 360,000 shares for over allotment. No OTC ticker has been announced at this time and…

My apologies for the website being down for 30-40 minutes earlier this morning. Thus far I am not certain of the issue beyond something with the server puking.

UPDATE–I have added the detail below from the SEC documents. The pricing term sheet can be found here. BDC Gladstone Investment has priced their previously announced new baby bond. While the SEC documents are not yet posted the company priced the new…

Shipping container lessor Triton International (TRTN) has priced the previously announced new preferred stock offering. The company has priced 7 million shares at a coupon of 5.75%. This issue is rated BB by S&P–this is a 1 notch upgrade from prev…

Shipping container owner and lessor Triton International Limited (TRTN) has announced another new issue of preferred stock. The company already has 4 high yield issues outstanding with coupons between 6.875% and 8.50%–none of which are currently redee…