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Gary informs us in the comments that the PBY 6.25% baby bonds were redeemed 6/15/2021. I have updated data below to reflect the redemption. Business Development Company Prospect Capital (PSEC) has announced a new issuance of preferred stock. Prospect h…

The S&P500 was off by as much as 1.5% during holiday shortened trading last week before closing at a record high – up about .4% on the week. interest rates continued their move to lower yields. The 10 year treasury closed at 1.356% on Friday which…

CHS Inc. (Cenex Harvest States) has announced stellar earnings for the quarter. The huge cooperative (not publicly traded) showed great revenue gains as well as pretty spectacular earnings. Revenue was up 50% to $10.9 billion while earnings rose 40% to…

Asset manager Affiliated Managers (AMG) has priced their previously announced $25 Jr Subordinated Notes. The issue prices at 4.20%. It is investment grade. The ticker has not been announced–and being debt there is not OTC grey market trading. This iss…

I noted that some comments have gone to moderation (not published until I personally approve) if they had more than 3 links in the comment. The reason I had it set at 3 was because ‘spammers’ will many times have more links in their spam–thus they get…

Metallurgical coal producer Ramaco Resources (METC) has registered to sell a new issue of $25/share senior notes. The notes will have a maturity date in 2026 with an optional early redemption period starting in July, 2023. Yield talk on this issue is i…

Asset manager Affiliated Managers Group (AMG) has announced their intention to sell a new issue of $25 Junior Subordinated Note issue due 2061. This issue will be a typical issue from AMG – they have 2 issues outstanding – as well as a $50/share trust…

Priority Income Fund (not publicly traded) has announced the intention to redeem the 6.375% PRIF-A issue between 8/6/2021 and 9/3/2021. The redemption is contingent on a new offering being consummated. The announcement is here. Ken made note of this ea…

Bob-in-DE informs us that the OTC has been changed to RNRRP instead of RNRRV. Reinsurer RenaissanceRE (RNR) has price a new issue of non-cumulative preferred stock. The issue has priced at 4.20%–is non-cumulative and perpetual. Optional redemption is…

Smaller software company Synchronoss Technologies (SNCR) has sold a new issue of baby bonds. The issue carries a coupon of 8.375%. The maturity date is 6/30/2026 and there are optional redemptions available to the company starting in 2022–the optional…

I typically like to have a watch list of potential ‘buy’ preferreds and baby bonds available to work from, bor dividend capture or short term capital gains–but in the crazy times we live in the redemptions have come fast and furious–and the prices of…

No doubt that non-publicly trade closed end fund Priority Income Fund likes term preferred issues–and they have registered the next new issue. The last issue sold (PRIF-I) was on 6/15/2021 and that one carried a coupon of 6.125% and it is now trading…