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Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Freddie Mac Issues Monthly Volume Summary for April 2024 ARMOUR Residential REIT, Inc. Announces June 2024 Dividend Rate Per C…

This chart was missed a week or so ago so am posting it now as requested by the reader. The pricing term sheet is here.

Yesterday was a very ugly day in both interest rate and stock markets–it seems to me that global investors are starting to take higher interest rates seriously versus driving equity prices higher at every piece of news whether it be good or bad. We we…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Sotherly Hotels Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-…

These treasury auctions are getting a bit worrisome—it is exactly what I feared the most–simply that folks want the U.S. congress to get their fiscal house in order to raise their comfort level when buying government debt. Fat chance of this happeni…

Brookfield Infrastructure Finance has announced a new issue of baby bonds (subordinated notes). These notes can have their interest payments suspended for 5 years without a default being declared. The issue has a early call date started in 2029. The co…

Yesterday interest rates popped–moving up to 4.54% which was about 9-10 basis points above the low for the day. While the S&P500 managed to claw its way back to the green (barely) on the day and the NASDAQ closed at a record high the DJIA closed s…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of a general interest. T-Mobile to Acquire UScellular Wireless Operations and Deliver Exceptional Value, a Superior 5G Experience and Unparalleled…

The S&P500 moved higher again last week–but just by the smallest of amounts–1.5 S&P points. The entire range for the week was only about 2% which is a pretty tight range. With only somewhat minor economic news being released and with earnings…

Yesterday markets started off yesterday with large gains on the back of Nvidia earnings, but as the day wore on those gains evaporated and the S&P500 ended up down 3/4%. It sure didn’t help that the economic news of the day came in quite a bit stro…

Below are press releases from companies with preferred stock and/or baby bonds outstanding – or just news of general interest. News is slow as we no longer have earnings being released (mostly). Navient declares second quarter common stock dividend Sti…

Below are the details on the new NewTekOne baby bonds which just priced. At 8.5% the coupon looks pretty tasty–I say this only as I remember NEWT as a business development company (BDC) that used to primarily write loans as part of the SBA (small busi…