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It is amazing that some investors (not sure who) buy real junk based purely on a current yield of a preferred stock–do these folks ever even look at the income statement and balance sheet of the company they are investing in? Today I noted a new prosp…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. News will be slow for the next 1-2 weeks until the 2nd quarter earnings season arrives. SuRo Capital Corp. Second Quarter 2024…

Looking at my accounts they are nicely green–not giant sized gains, but quite a few issues at the 1% gain mark. Certainly the 10 year treasury at 4.19% is helpful. The S&P500 has been off about 1%–purely because of the 2% loss in the tech sector….

Consumer prices came in somewhat softer in June as compared to forecast. Month over month inflation came in at a -.1% versus forecast of +.1%, Year over year came in at 3.0% versus a forecast of 3.1%. At this moment the 10 year treasury is trading at 4…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. News will be slow for the next 1-2 weeks until the 2nd quarter earnings season arrives.  UMH PROPERTIES, INC. SECOND QUARTER 20…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. News will be slow for the next 1-2 weeks until the 2nd quarter earnings season arrives.  Runway Growth Finance Corp. Announces…

Today I made a couple modest buys in the portfolio–1 was additive to a current position and the other was a new position. 1st off I added to my Eagle Point Income (EIC) 7.75% term preferred (EICB) position. EIC owns mainly the debt tranche (70% more o…

Today the Fed Chair begins a couple of days of testimony before congress–today is the senate with house testimony starting tomorrow. I would expect the message to remain the same–‘we need to see more economic data relative to inflation’ and of course…

Below are press releases from companies with preferred stock and/or baby bonds outstanding-or just news of general interest. News will be slow for the next 1-3 weeks until the 2nd quarter earnings season arrives. Logan Ridge Finance Corporation Schedul…

Well we got through last week in fine fashion–of course it was a holiday shortened trading week with July 4th on Thursday. We had a gaggle of employment news–all of which helped to calm fears of higher interest rates–a bit of relief for us income in…

Fortress Biotech (FBIO) has suspended the cumulative dividend on their 9.375% preferred issue. This issue was originally sold in 11/2017. Friday shares closed at $16.31 with a current yield of 14.4% (before suspension). Common shares closed at $1.80/sh…

Todays employment report was somewhat ‘Goldilocks’ in nature.—a tic up in the unemployment rate with a modest amount of new job creation–unfortunately, for the most part, the new jobs were government and health care. Certainly the never ending defic…