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Regions Financial (RF) has announced a redemption of their RF-B 6.375% fixed to floating preferred which was set to go to floating on 9/16–the effective date of the redemption. The issue was set to jump up to a coupon of 8.85% (more or less) once the…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest.  Alta Equipment Group Announces Second Quarter 2024 Financial Results Stifel Declares Quarterly Common Stock Cash Dividend…

I don’t know how many folks I saw on the boob tube on Monday calling for ’emergency’ Fed Funds interest rate cuts–it was quite a bunch. ‘The world is ending’–talk about ‘talking their book’. So yesterday we got a good share of the losses from Monday…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest.  UMH PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2024 Global Net Lease Reports Second Quarter 2024 R…

Well yesterday we saw a large drop in equity prices, based on little new news–some say caused by the unwinding of the carry trade in Japan (i.e. borrow in Japan and invest in the U.S.) Well who knows for certain. Today we have gotten most of the losse…

Looking at the futures this morning we are getting a bit of a bounce–less than 1% in equity indexes. I see the 10 year treasury is trading up at 3.84%–up 5 basis points or so from the close yesterday. What was yesterday about? Not much of anything ne…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest.  Nordic American Tankers Ltd (NYSE: NAT) – Fall on some stock exchanges Texas Capital Announces Private Credit Strategy Global…

Starting the day I couldn’t get into Schwab, Fido or eTrade. I am now able to access Fido and eTrade. Schwab remains down which has seemed to be a normal issue since they rolled my TD account into their system. So I had no intention to buy or sell—so…

Well last week was quite an exciting week in equity markets–for better or worse I had a wedding to attend in Kansas so left town midday on Tuesday and returned Saturday evening. Probably good to be gone that way I wouldn’t do something foolish. The S…

Investors can be the most fickle people in the world—going from ‘everything is great’ to ‘the world is ending’ within a weeks time frame. The drop in interest rates since Tuesday has been mind blowing – down around 40 basis points. The drops in equit…

Looking at the share prices of preferreds and baby bonds this morning I see we are getting no lift whatsoever in pricing even as interest rates continue to move lower. I had been watching this disconnect between rates and prices for the last 3 months–…

Well we have the FOMC meeting wrapping up today and NASDAQ has already started the party early–the futures are up 1.5% in that index. The S&P500 is up a full 1%. Of course today we have the FOMC announcement and the the Jay Powell press conference…