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The S&P500 traded in a range of 3183 to 3226 and closed near the high at 3221 last week as stock traders and investors continue to drive prices higher. The 10 year treasury opened at 1.85% before moving as high as 1.95% before closing out the week…

Bank of America (BAC) called their 6.50% perpetual preferred (BAC-Y) today for redemption on 1/27/2020 which is the 1st day they are available to be redeemed. No loss will be incurred by holders as it was trading around $25.40 yesterday. This is one mo…

There is definitely power in the commenters on this site. Sometime back in early December–maybe 12/4–someone (sorry I can’t find the comment so not sure who it was) mentioned that the 7.10% CHS Reset Rate perpetual preferred (CHSCN) was tumbling hard…

Late today CLO holder Eagle Point Credit Company (ECC) announced the full redemption of the Series A 7.75% Term Preferred (ECCA) issue. This should really come as no surprise as the company had redeemed 900,000 shares back in May. The issue closed toda…

Only 3 months ago we had the 10 year treasury touching in the high 1.40%’s. Today we see the 10 year treasury trading at 1.93%–a full 4/10th’s of 1 percent higher. In general, we have not seen substantial damage to preferred stock and baby bond pricin…

Some of our readers caught the ‘formal’ call of the AXIS Capital (AXS) 5.50% perpetual preferred (AXS-D) which was released yesterday. The issue will be redeemed on 1/17/2020. I had owned a full position in this issue for a portion of this year as it w…

Someone suggested I set up a page for “flipping” and “dividend capture” ideas–so why not? So I have dedicated a page where we can exchange some ideas on these shorter term techniques that we all hope will add a few hundreds–to maybe a few thousand do…

Closed end fund Gabelli Multimedia Trust (GGT) has priced their previously announced cumulative perpetual preferred stock. The coupon is fixed at 5.125%, which is about as expected for a likely strongly investment grade preferred. The company anticipat…

As some on the site already know Medallion Bank (a division of Medallion Financial (MFIN)) has sold a new issue of high yield preferred stock. Note that this was sold last week, but has just begun trading. It is trading weak–now at $24.48. Note that t…

Closed End Fund (CEF) Gabelli Multimedia Trust (GGT) has announced a new issue of perpetual preferred stock. The issue should be strongly investment grade. The pricing has not been announced via the SEC site but an OTC temporary ticker has been assigne…

I’m writing this more for newer investors that might be on the site rather than for those that are well seasoned in preferred stocks and baby bonds. “Steak Dinners” is referring to quick, but modest profits, that some of us take from time to time. THIS…

I’m really pleased with the number of folks reviewing, and I think copying the spreadsheet I posted last Friday (I have no way of knowing how many copies are made). So far, while my instructions on copying and renaming the spreadsheet, are NOT being fo…