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US Cellular (USM) has priced their new issue of baby bonds. The issue prices at 5.50%. The issue is rated just below investment grade. The company will use a portion of the proceeds from this new issue to call the 7.25% UZC baby bonds. The new issue wi…

Single family housing REIT American Homes 4 Rent (AMH) has called 2 preferred issues for redemption. Effective 6/7/2021 the company is calling the 6.50% perpetual preferred (AMH-D) which becomes redeemable on 5/24/2021. Additionally they are calling th…

US Cellular (USM) has announced a new issue of baby bonds. The intent is to redeem the UZC 7.25% baby bonds. Given the recent financing actions of USM and majority owner Telephone and Data Sytems (TDS) this should not be a surprise to anyone–although…

Once again the S&P500 moved higher last week. You can’t fight the Fed-it is proven week after week. The index moved up by 1.2%. Any set back is bought and there is no reason to believe this will change anytime soon. The 10 year treasury moved in a…

The 8.625% baby bonds (HROWL) from Harrow Healthcare (HROW) are now trading on NASDAQ and last traded at $24.86 after trading as low as $24ish.

The new preferred issue from Pebblebrook Hotel Trust (PEB) has been priced. As predicted by some the issue prices at 6.375%. The issue trades immediately under OTC temporary ticker PEBHP. As mentioned before there are 4 other issues outstanding from PE…

Finally the Priority Income Fund new 6% term preferred stock issue OTC grey Market Ticker is announced. The ticker is PRIFH.

Finally after pricing about a week ago the OTC grey market ticker for Lument Finance Trust (LFT) has finally been assigned. The ticker is LFTPP. The issue is trading NOW at $25.20.

Lodging REIT Pebblebrook Hotel Trust (PEB) will be selling a new issue of preferred stock. The issue will be unrated, cumulative and nonqualified. The company has 4 outstanding preferred issues–which can be seen here. 2 of the issues are currently red…

UPDATE–OTC grey market ticker is BWCXP Babcock & Wilcox Enterprises (BW) has priced the previously announced preferred stock. The issue prices at 7.75%. The issue is unrated, cumulative and will be qualified if the company has income (if a company…

There is plenty of discussion going on throughout the site on various Canadian securities so this post is for creation of a “Canadian Discussion” page. This was requested by a reader and it is easy to do so we can do it quickly. Hopefully this will be…

Carlyle Finance LLC, a subsidiary of Carlyle Group (CG) ,has priced the previously announced baby bonds. The issue will carry a coupon of 4.625% with a maturity date in 2061. The issue is investment grade. There will be no OTC grey market trading as it…