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This is abbreviated as the second outage on the website in 2 days makes it kind of irrelevant. It looks like the week is going to start off with a bang as the corona virus spreads and is threatening to disrupt global economies in a big way. The S&P…

I need to apologize for the website being down for 4-5 hours Sunday morning. Unfortunately the hosting company was doing a server upgrade this morning, but gave no notice that this would be occurring. Fortunately for them this was only the 2nd outage i…

UPDATE–OTC TICKER IS PRYFP. I don’t see it up yet at eTrade or Fico yet. Untraded CEF Priority Income Fund has priced their most recent issue of term preferred stock. This issue will have a mandatory redemption in 2027. The PRIF-F issue has been price…

While todays moves in stocks is NOT really too scary, the further plunge in the 10 and 30 year treasury bond yields has to give one a bit of a startle. In addition gold is spiking a bunch higher – up $29 last I looked. The 10 year treasury yield fell a…

UPDATE–I have tweaked the spreadsheet removing some issues with redemption dates in the future with incorrect calculations on the YTW. Below is a spreadsheet that lists 141 preferreds and baby bonds that are either currently redeemable or will be with…

I look at the ticker after the market open today and see stocks off to another modest move higher–that’s all I need to see–I don’t watch minute by minute each day–maybe once per hour. The next hour I look and the DJIA is off 373 points, so I did tur…

While I shouldn’t have been surprised that Morgan Stanley is acquiring eTrade, it feels a bit like adding insult to injury. All of us have had to fight to try to earn a decent return and after being with eTrade for around 25 years it now looks like I w…

Entergy (ETR) which has a plethora of baby bonds outstanding and well as 1 $25 preferred has released earnings. The list of issues outstanding can be seen here. The companies earnings release can be read here.

In case anyone has interest Gladstone Land (LAND) has reported earnings for the 4th quarter and year ending 12/31/2019. The 10K can be read here. I have an interest in this because of the term preferred shares currently outstanding (LANDP) which are tr…

Energy company Brookfield Renewable Partners LP (BEP) has priced the previously announced preferred unit offering. The issue priced at 5.25%. It will become redeemable in 2025. The issue is rated BBB- (low investment grade) by Standard and Poors. The i…

As Landlord Investor noted in the comment section preferreds and baby bonds were pretty red today. I personally am not aware why we would be seeing red so widely–except for the fact that every damned issue is overvalued (when has that mattered?). Toda…

Priority Income Fund (non traded) has announced the launch of a new term preferred issue. Priority Income Fund is a closed end fund which primarily invests in collateralized loan obligations (CLOs) and as such it should be considered somewhat higher ri…