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I haven’t done any buying the last few days, but with quite a bunch of CDs maturing in the last couple days my hand will be forced soon. With the geopolitical situation in the Middle East I don’t feel particularly motivated, but if anything can get me…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October. UMH PROPERTIES, INC. Q…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.  MidCap Financial Inve…

Equity markets are kind of treading water today–moving in a pretty tight range. There seems to be a lot of tension building as we await further economic news–in particular the official government news on employment on Friday. Early today we had ADP a…

I’ve started digging for issues where I believe I can garner at least a 5-6% capital gain and a 6-7% dividend while waiting for a year. The issues that I currently hold have probably maxed out a large share of their capital gains and are limited to the…

So today while it should be a quiet market–both equities and interest rates as employment numbers are waited on instead we have markets tumbling. The S&P500 is off by more than 1%. The 10 year treasury yield is tumbling –down 9 basis points to ar…

Today we had 2 issues of preferred stock called for redemption. 1 was a mandatory call the other a fixed-to-floating rate preferred. RiverNorth Capital and Income Fund (RSF) announced that they would redeem the 5.875% term preferred on 10/31/2024–whic…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. News will be rather slow until the the end of the quarter and start of earnings season in early October.  FTAI Aviation Announc…

I will be adding a link to this page in the right hand menu where it will remain This page is intended to be used as the discussion page for Business Development Company (BDC) items. By adding this page it is hoped to take some of the discussion ‘press…

Time to close out the month of September today and move into what has historically been a rough month for stocks. One would be quite foolish to think this is really meaningful right now—folks are bullish and there continues to be more than enough ‘dr…

Below is the detail table for the new term preferred from CLO closed end fund (CEF) from late last week. The pricing term sheet is here. OCCI has 2 other term preferreds currently outstanding As of 7/31/2024 OCCI had an asset coverage ratio of 289%.

Closed end fund OFS Credit (OCCI) has sold a term preferred issue. This actually occurred earlier in the week. The issue is priced at 7.875%. The prospectus with pricing is here. I am unable to post the normal table with details since I am out of town,…