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Just quick note–if you are seeing numbers instead on names on your AllianzGI and Convertible and Income (NCV) and AllianzGI Convertible and Income II (NCZ) preferreds today (as I did) it is because the name is changing to Virtus AllianzGI Convertible…

Regional banker Huntington Bancshares (HBAN) has announced a new issue of preferred stock. The $123 billion dollar Ohio banker will sell non-cumulative, qualified and split investment grade shares. The company has 2 outstanding preferred issues with co…

Banker Washington Federal (WAFD) has priced the previously announced preferred shares. The issue prices at 4.875%–and they managed to garner a Moody’s rating of Baa3 (investment grade). The issue is non-cumulative and qualified. They have sold 12 mill…

Washington Federal (WAFD), a smaller banking company, has announced they will be selling a fixed rate, non cumulative preferred. This will be the first exchange traded issue by the company. WAFD has assets of $19 billion, which makes them one of the sm…

Well we ended one of the more ‘wild’ weeks in equity trading as the retail investor decided to go head to head with hedge funds in a battle of fairly epic proportions. This will end in substantial pain for some investors–while other will become instan…

I have held physical silver for many years with no intention of selling–on the other hand if someone wants to pay me a crazy high number (not sure what that would be–$100?) I might let it go. Like Gamestop (GME) last week there is apparently a move t…

There are only 2 baby bonds maturing yet this year and both issues reach maturity in April. Medallion Financial (MFIN) has a 9% note (MFINL) maturing on 4/15/2021. The issue is trading at $25.39 at this moment–it had just gone ex-dividend in late Dece…

National General Holdings which was acquired by Allstate recently had a 7.50% perpetual preferred which was delisted at the time of acquisition (previous ticker was NGHGN). The company had 2 other preferred issues outstanding with coupons of 7.50% both…

The OTC Ticker has been announced as FRCLP California banker First Republic Bank (FRC) has priced their new issue of perpetual preferred stock. The issue was priced at 4.25%. The issue is investment grade, non cumulative and qualified. This issue shoul…

Bank and wealth management company First Republic Bank (FRC) has announced a new issue of preferred stock. Issue will be investment grade, non-cumulative and qualified. The company has stated it may use the proceeds to call all or a portion on the 5.50…

Lodging REIT Pebblebrook Hotels (PEB) has released a new investor presentation. The company has 4 outstanding preferred stock issues all of which have been big losers in the last 2 weeks including drops between 2 and 5% just today. PEB is one of the st…

UPDATE–I added a chart to the bottom of the screen. The 10 year treasury has toyed with the 1% level today, before bouncing a little (a basis point or so). The ‘talking heads’ breathlessly say ‘while waiting for the Fed policy decision from there curr…