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Compass Diversified Holdings (CODI) has 3 issues outstanding which I have been buying and selling on a short term trade basis. They are on my watch list. The CODI-C 7.875% issue has dropped back nicely in the last week–from a high around $26.70 to aro…

With equities off around 850 Dow points at this moment I reviewed the $25 preferreds and baby bonds and find they are getting slightly more attractive with the average price off 9-10 cents today–not exactly a bargain, but heading in the right directly…

Last week was a bit of a rare week as the S&P500 fell on the week. The index fell by just shy of 1%. The index traded in a range of 4327 (the Friday close) and 4394 and closed at the low of the week. The 10 year treasury yield fell–of course it fe…

UPDATE–THE OTC TICKER IS STFLV. LATELY AFTER THE INITIAL TICKER IS SET THEY GET CHANGED. Stifel Financial Corp (SF) has priced their previously announced preferred stock issue. The company has priced 12 million shares with a coupon of 4.50%. The issue…

Stifel Financial Corporation (SF) will be offering a new issue of preferred stock in what is likely to be a ‘refinancing’ transaction. SF has 4 other preferred issues outstanding including a 6.25% issue (SF-A) which becomes redeemable today. While SF h…

First Republic Bank (FRC) has priced their previously announced perpetual preferred issue of stock. The issue prices at 4.00%. The issue is non-cumulative, qualified and investment grade. The issue will trade immediately under OTC grey market ticker FR…

First Republic Bank (FRC) is selling a new issue of preferred stock. The issue is non-cumulative and qualified. The issue will be investment grade. FRC has 4 current issues outstanding with coupons ranging from 4.25% to 5.50%–none are currently redeem…

The OTC ticker is SNSHP as StackingNickels posted below. Lodging REIT Sunstone Hotel Investors (SHO) has priced their previously announced preferred stock issue. The issue prices at 5.70%–.425% below their last new issue 2 months ago. The issue is cum…

So we got really hot consumer price indexes this morning–darned near double the consensus estimates. Really with the CPI at .9% and even the core CPI at .9% you have to assume that the rate of inflation is more than transitory–and even if these huge…

Lodging REIT Sunstone Hotel Investors (SHO) is back to sell a new issue of preferred shares, just 2 months after their last issue. The company sold a 6.125% preferred (SHO-H) on 5/11/2021 and the shares have traded extremely strong–as high as $28.30 o…

BDC Prospect Capital (PSEC) has priced their previously announced preferred stock issue. The issue prices at 5.35% and as expected is a couple notches below investment grade At BB/Ba2. This issue will trade immediately on the OTC grey market under tick…

The OTC ticker has been assigned and it is AUVPP Applied UV Inc (AUVI), which announced this new issue weeks ago has finally priced the issue. The issue prices at 10.5%, is cumulative, perpetual and while technically would pay qualified dividends–you…