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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. Mortgage Rates Increase First Merchants…

I watch the markets trade pretty closely–as I have done for over 50 years–going back to the days of waiting for the daily delivery of the Wall Street Journal so I could see ‘old news’–then in the early 1980’s moving up to some very expensive dial-up…

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.  Compass Diversified Declares Second Qu…

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.  XAI Octagon Floating Rate & Altern…

In another action that hurts investors PartnerRE has announced they will delist and deregister their PRE-J 4.875% non cumulative preferred. The reason given is the cost of administration is too high–this is balony of course. So the preferred is off ov…

In a week that could have seen big moves in the S&P500 – we didn’t see them. The S&P500 closed less than 1/10th of 1% lower over the previous week. The total range during the week was less than 2% bottom to top. With the PCE release on Friday I…

CLO (collateralized loan obligation) owner Oxford Lane Capital (OXLC) has priced a new issue of $25 baby bonds. The issue prices at 8.75% with a maturity date of 6/30/2023. The company has 4 term preferreds and 2 baby bonds already outstanding which ca…

Most you already know that Sachem Capital (SACH) ‘pulled’ their previously announced bond offering. The reasoning is that ‘market conditions’ make a current offering too expensive. Sachem appears to be able to operate without the new money at this time…

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 2-4 weeks until the 2nd quarter earnings season arrives.  Dynagas LNG Partners LP Reports Result…

Equities are barely moving today and the 10 year treasury is lower by a mere 3 basis points at 4.28% as markets await the release tomorrow of the personal consumption expenditures (PCE) inflation data. Today we had economic data which showed some econo…

As noted in the comments section by ‘Rocky Mountain Hiker’ Dime Community Bancshares (DCOM) has finally priced their new baby bond which is a fixed to floating subordinated note with an initial coupon of 9%. Higher than I would have guessed. Starting i…

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 2-4 weeks until the 2nd quarter earnings season arrives.  CTO Realty Growth Announces Second Qua…