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Opening the week at 3142 the S&P500 moved lower to 3126 on Tuesday before moving higher to close the week at around 3169–short of a 52 week high in the 3183 area. The 10 year treasury opened the week around 1.83% and drifted plus and minus a few b…

Below you will find a link to a Google Sheet. We have added cumulative/non cumulative as well as qualified/non-qualified to the sheet since we last gave you a peek at this sheet. We are calling this sheet Version 12132019–obviously because that is tod…

Chad has got the new plugin for editing and deleting comments ‘live’ now. When you make a comment you should see a box below your comment which will have a 5 minute countdown clock on it. You have 5 minutes to either edit–or delete your comment. I hav…

As some of you may have read, or maybe I am the only one watching, the FED has announced giant sized REPO moves for the balance of the year. I have been watching since September and the FED has done overnight repurchase agreements in the $50 to $75 bil…

Giant REIT Colony Capital (CLNY) has redeemed 2 of their high yield perpetual preferreds. A number of folks have discussed this a bit on the Reader Initiated Alerts page. Barbara posted this redemption at 7:16 this morning and other have chimed in. The…

It is always disappointing to me to see the silliness of the marketplace in reaction to potential deals–such as trade deals. We don’t do politics, at all, on the website, but for once I would like to see both stocks and bonds trade on fundamentals. We…

Self storage giant Public Storage (PSA) has announced the pricing of their new preferred issue. The coupon will be 4.75%, which is in line with the other recent issues from PSA. Proceeds are to redeem the 5.875% PSA-A issue on 12/30/2019. Being a REIT…

Finally the final prospectus for the new Gabelli Equity Trust (GAB) preferred has been posted. As everyone knows the coupon is 5% with an early redemption available to the company in 2024. Issue is cumulative and likely qualified (this is not guarantee…

While the official details of the new 5% perpetual preferred offering from CEF Gabelli Equity Trust (GAB) are still not posted on the SEC website we do have a OTC Grey Market ticker. The ticker is GBLQP. It doesn’t appear to be available at eTrade or F…

As likely holders of either the BB&T Corp or Suntrust Banks preferreds already know the company’s have merged. We have updated lists and security detail pages to reflect new tickers. The company is now named Truist Financial (TFC). The issues can b…

Storage REIT Public Storage (PSA) has announced the issuance of a perpetual preferred. Previously the company had announced the redemption of the 5.875% PSA-A issue which became redeemable on 12/2. The redemption date is 12/30/2019. The company had sol…

Closed end fund, Kayne Anderson MLP (KYN) is preparing for redemption of their 3.50% monthly paying term preferred shares. They have announced the private placement of mandatory redemption preferreds in amounts that are adequate to redeem the KYN-F sha…