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I have gotten the baby bond quotes working once again after being off about a week. I am still updating some codes, but everything should be updated by days end.

This past week I added about a 1/2 position in the perpetual preferred issue from REIT Gladstone Land (LAND). Gladstone Land 6% perpetual preferred (LANDO) differs from almost all other income issues that the various Gladstone companies have sold in th…

Large triple net lease REIT VEREIT (VER) has again called 4 million shares of their 6.70% perpetual preferred (VER-F). This has been about a quarterly event this year–they called in 6/20, 9/20 and now in December (effective 1/21). Many of you are alre…

Hard money lender, and REIT, Sachem Capital (SACH) has announced they are ‘re-opening” the currently outstanding 7.75% baby bond issue (SCCC). No offering price, no number of shares to be sold has been announced although I expect the offering price to…

Leasing/rental corporation General Fiannce (GFN) has announced that they will redeem the last $11.6 million of the 8.125% baby bonds (GFNSL) on 1/15/21. The announcement is here. The company had previously made 2 partial calls of the bonds. GFN has a n…

As mentioned yesterday BDC Fidus Investment (FDUS) plans to call their 5.875% baby bonds (FDUSL) with the proceeds of a new $1,000 bond issue. FDUS updated their ‘use of proceeds’ to include the partial call of their 6% baby bond issue (FDUSZ) which be…

New issues added as they occur and begin trading. Please NOTE that this will not work with EXCEL only Google Sheets. You need a Google Account to use this sheet correctly. Go here to set up an account if you do not have one. While an account gives you…

Fidus Investment (FDUS), a BDC is issuing a new $1,000 note due in 2026. The company has announced the intention to redeem their $25/share notes due in 2023 (FDUSL) which carry a coupon of 5.875%. There will be a minor loss for holders as the shares (b…

UPDATE–Ontrak has announced they are selling 1.73 million shares in this follow on offering. They will also have 259,500 shares available for overe allotment. The offering price is $24.75. The pricing term sheet can be found here. Ontrak (OTRK) has an…

UPDATE–OTC grey market ticker is same as permanent ticker AFINO Smaller triple net lease REIT American Finance Trust (AFIN) has priced their new preferred issue. The issue prices at 7.375%. The issue is cumulative, but not qualified. There is no ratin…

As noted ast night Athene Holding LTD (ATH) has priced their new issue of preferred stock. The coupon is 4.875% The issue is non-cumulative, qualified and low investment grade. The issue trades immediately under OTC grey market ticker ATHDF. The pricin…

Ever since the Covid 19 pandemic arrived the filing of pricing documents in the evening is very SLOW. So I will publish data on this new issue (Athen Holdings LTD) later tonight or first thing in the morning when it is finally filed. I know the issue p…