Home

I’ve been waiting all day for the ‘dead cat bounce’ in common shares but thus far no bounce is lasting more than 5 minutes—for the time being some serious profit taking has been taking place in tech shares (i.e. Nvidia). Fortunately interest rates ha…

I hope everyone had a great labor day weekend. In Minnesota the weather was absolutely glorious at around 70 degrees with blue skies. The cool weather has done nothing to help the farmers as all the crops are way behind normal in many areas of the stat…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest.  News will pick up when the next earnings season arrives (around10-10/2024).  Federal Home Loan Banks Present Housing…

At this moment I am out of dry ‘powder’ and awaiting my September redemptions of CDs to begin to hit next week. As always there will be something to buy in a week–don’t know what that is yet, but lots of time to ponder it. Well the party in common sha…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest.  News will pick up when the next earnings season arrives (around10-10/2024). Prospect Capital Announces June 2024 Financial Res…

Once again B Riley has negotiated to have terms of their debt terms changed to extend the time available for filing financial statements. The company could have been found in default on some loans because they have not filed within the 45 day covenant…

A few items of special mention in the news of late. As most of you know giant Net Lease REIT Realty Income (O) has made a call on all shares of their 6% perpetual preferred (O- or OPR or O.PR etc., etc.). The call is for 9/30/2024. These preferred were…

Yesterday I was a buyer, as I had mentioned I would be, of the Priority Income Fund 7% term preferred (PRIF-D) at a price of $23.65. The issue currently has a yield of 7.4% which meets my ‘hurdle’ of 7%. This is the second Priority Income Fund issue in…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Now that we are NOT in the earnings season news will be slow. Prospect Capital Schedules Fiscal Year Earnings Release and Confe…

Markets have have been absolutely giddy about coming rate cuts –now I hear all sorts of speculation on multiple rate cuts. Investors have a poor record of forecasting interest rates – we haven’t had a rate cut yet this year and yet when the year start…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Now that we are very near to the end of earnings for the quarter ending 6/30/24 news will be somewhat slow once again.  Regency…

Last week the party just kept rolling on and Jay Powell contributed mightily to the ever higher S&P500 as he continued to speak in a dovish manner. His latest speech at Jackson Hole all but promised a rate cut–although the timing and size remains…