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Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Capital Southwest Announces Preliminary Estimate of First Quarter 2025 Operating Results and Earnings Release and Conference Ca…

Well the NASDAQ is taking quite a spanking today being off over 2%–of course this pulls down the tech laden S&P500 as well–but the DJIA is up by a fair amount. Techs are worried about chip stocks being more heavily taxed (tariffs etc)–by tomorro…

BDC Trinity Capital (TRIN) priced their new issuance of baby bonds last night with a coupon of 7.875%. It is likely (although not stated for sure) that part of these proceeds will be used to redeem the TRINL bonds which have a maturity in 1/2025. The p…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. Enterprise Bancorp, Inc. Announces Quarterly Dividend MidCap Financial Investment Corporation Schedules Earnings Release and Co…

Business development company Trinity Capital (TRIN) has announced they are selling a new issue of baby bonds with a maturity date in 2029. The copany has stated they may use part of the proceeds to call a portion of their 2025 baby bonds (TRINL). They…

So if the retail consumer is staying strong and spending like a drunken sailor (my apologies to drunken sailors–was my dads term and he was a sailor in WWII) is there a need to cut interest rates? I was leaning toward September in my mind, but the sal…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. GAMCO Will Benefit From Executive Decision to Waive Compensation from August 1, 2024 to October 31, 2024 Healthcare Realty Trus…

After starting strong equities have backed off and now are closer to breakeven on the day–up a very small amount. Of course the last couple of hours of the trading day can see big moves either way. There is little news to send markets sharply in a par…

Well the equity markets were higher last week, but only by just under 1% in the S&P500. The NASDAQ was off just a bit and the tech issues in the NASDAQ drive the bus when it comes to the S&P500. All equity indexes are up quite a bit this mornin…

mREIT Arbor Realty (ABR) is getting hammered today with news that the Justice Department is investigating the company. The company has undergone a number of short attacks over the last 18 months or so of claims improper accounting etc. Here is the repo…

Yesterday we got friendly consumer price numbers (CPI) and today we can complete the week with friendly producer prices (PPI)–of course the numbers are not out for 60 minutes so who knows what we will see. The 10 year treasury is at 4.22% this morning…

Giant Ag cooperative CHS reported softened financials yesterday. Net income came in at $297 million versus $548 million is the year ago quarter. For the 9 month period earnings were $990 million versus $1.6 billion last year. Both energy and ag sector…