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Last week was a winner for the S&P500–not by a giant amount but by 1.6% which was essentially the amount of loss in the previous week. Daily we had moves of this size, but we had a couple days last week that started with really big losses, but eac…

Sometimes you get ugly surprises–once in a while you get a capital gain bonus. For holders of the Priority Income Fund 6.25% term preferred (PRIF-G) the surprise came in the form of a redemption notice. The redemption notice is for 12/23/2024 at $25/s…

Yesterday, while I was out taking care of some family medical issues, there were new issues announced. Aspen Insurance announced a new 7% non cumulative perpetual preferred with proceeds to redeem their F-to F preferred (I assume the AHL-C issue) which…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.  Season is pretty much over so we will have slow news days for a month or two.  Stifel Reports October 2024 Operating Data SL Gr…

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. Dynagas LNG Partners LP Announces Date fo…

It is interesting to watch markets–equities in particular. Since I seldom am a buyer of common stocks anymore it is not necessarily consequential where things move hour to hour, but as someone who has watched and studied these things for 53 years I st…

Corebridge Financial Inc. has priced their new issue of Junior Subordinated Notes due 2064. The issue prices at 6.375%. The issue low investment grade with Moodys at Baa3, S&P at BBB- and Fitch at BBB-. This issue is a giant sized issue of 24 milli…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. CTO Realty Growth Declares Dividends for the Fourth Quarter 2024 Hyperscale Data Declares Monthly Cash Dividend of $0.2708333 Pe…

Insurance and annuity company Corebridge Financial (CRBG) has announced they will be offering a new $25 subordinated debenture with a maturity in 2064. CRBG is a giant sized company with assets of over $382 billion as of 6/30/2024, but beyond that I am…

The geopolitical events in Russia and Ukraine are causing a bit of a move to the ‘safety trade’ as the 10 year Treasury interest rates heads lower–it is trading at 4.37% down from yesterdays close of 4.41%. Equity indexes are lower by .3%. Neither mov…

Indiana banker Merchants Bancorp (MBIN) has priced their most recent offering of preferred stock. The issue prices at 7.625% for 9.2 million shares. The issue is rated Ba3 by Moodys. The pricing term sheet can be found here.

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest SL Green Realty Corp. Announces Common Stock Dividend Safe Bulkers, Inc. Announces a Five Million Shares of Common Stock Repurcha…