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Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. DTE Energy Board of Directors declares q…

As I have noted before (too many times) I believe that employment is key to keeping the economy humming. Odds of seeing a recession when everyone has a job is pretty remote–and folks keep paying their giant credit card bills and house and car payments…

mREIT Ready Capital (RC) has announced a new offering of $25/share senior notes with a maturity in 2029. The shares will be listed on the NYSE under ticker RCD. The issue should price later today and it will be a week or two until any listing occurs. T…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Earnings season is pretty much over so we will have slow news days for a month or two. MAA Announces Regular Quarterly Preferre…

Last Wednesday I added some shares to our portfolios–but forgot to note it here. I did add it to my ‘laundry list’ of holdings. I added the Chimera Investment 8% Fixed to Floating preferred (CIM-D) which is now floating at a coupon of around 10.6%. Th…

Apollo owned Aspen Insurance has announced a redemption of their 5.95% fixed to floating rate preferred (AHL-C) effective 1/1/2025 which is the next dividend payment date. Honestly I have been waiting for this to happen for quite some time now. The iss…

Well let’s get back to a normal week–whatever a normal week is. Anymore there really are no trading days that are ‘normal’ as we would have defined it 20 years years ago. Everyday there is some sort of economic news that has the potential to move mark…

I was able to make the repair to the Paypal donation button this morning and it is now operational.

As some of you know the Paypal Donation form is ‘broken’. Pressing the button brings up a message ‘This Organization Can’t Accept Donations Right’. Needless to say we do accept donations, but only Venmo or snail mail until we can get the Paypal issue r…

CEF RiverNorth/Doubleline Strategic Opportunity Fund (OPP) is issuing a new series of term preferred stock. Via a rights offering to current shareholders the company will be issuing around 419,000 Series C term preferred shares under the ticker (OPP-C)…

Today there are only a few hours of trading in markets and it hard to get excited about doing much of anything in investing after a off day yesterday and a weekend ahead. Semi-illiquid stocks will be even more illiquid today. Interest rates are holding…

I want to wish everyone who travels through the website a Happy Thanksgiving. !! The older I get the more I realize how thankful I am for almost everything in my life. In particular I am thankful for having relatively good health–its hard to enjoy lif…