Home

I am out of the office this afternoon and will be unable to publish ‘headlines’ today.

Banker UMB Financial (UMBF) has filed to sell a new fixed-to-floating rate preferred stock issue. Of course it is non cumulative and pays the normal quarterly dividend. The company has a fixed to floating preferred issue (UMBFP) outstanding which is re…

The equity indexes are all over the board today–the DJIA was up 500 points overnight and now is up a measly 30 points. The tariff dance continues–1st they are one and then they are off–one way or another (Trump or the courts). Interest rates have be…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season is over for now and not much news is being posted by company’s that are of in…

Just a few items of interest to note today for those that may have missed them. Many (most) of these items have been commented on in the various commenting categories. Eagle Point Income (EIC) ‘right sized’ (cut) their dividend by cutting the common sh…

As mentioned over the weekend I was planning to do some rearranging of CLO preferreds and baby bonds in our portfolios this week and I got a decent start on it yesterday. I sold the entire Sound Point Meridian 8% baby bonds (SPMA) position. Also I sold…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season is over for now and not much news is being posted by company’s that are of in…

It doesn’t take much to get a S&P500 party rolling—just a threat of giant tariffs and then a reversal within 72 hours will do the trick. It’s amazing how quickly the market can move up and down–forget that the same budget deficit that has been h…

Well I hope everyone got their brains rested up so you can navigate what is almost certain to be a wild week–it looks like we should have lots of twitter action ahead as DJT has been active the last few days. In particular in regards to Apple, the EU…

As I have mentioned too many times I have been carefully reviewing our holdings and trying to find the best balance of safety and yield–so many options all dependent on each individual investor. It has NOT been helpful that politics has become such a…

It’s nice to have a long weekend coming up–some days without political headlines–at least I hope. I already have some plans for the weekend–hopefully I can execute without getting distracted with lawn work etc. I need to work on portfolio constructi…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season is over for now and not much news is being posted by company’s that are of in…