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Finally just minutes ago NEWT has priced their new baby bond with a coupon of 8.5%–maybe a 1/2% above what I thought it would be. The pricing term sheet can be found here.

The S&P500 is trading at new highs this morning after the Nvidia earnings release last night. While personally I am pretty damned tired of all the hype around AI I will agree that some of technology is pretty fascinating–in fact if I am writing on…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. New York Home Sales Rise Despite Mortgage Rates Hitting 7% in April Existing-Home Sales Retreated 1.9% in April Hovnanian Ente…

Bank holding company (formerly a BDC) NewTekOne (NEWT) has announced they will be selling a new baby bond. The company has numerous baby bonds already outstanding which can be seen here. While the use of proceeds statement does specify it NEWT has a ba…

It has been a relatively wonderfully quiet week in the marketplace–both equity and interest rate markets. We have had 2 days of interest rates moving in a 2-3 basis point range. Equities have move in a close range as well–and I always love quiet mark…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Ready Capital Announces 103% Increase in SBA 7(a) Loans Year to Date and Names Gary Taylor as CEO of ReadyCap Lending CubeSmar…

Looking at markets early today it looks like today should be quiet–no real economic news to be dealt with–just a few harmless Fed yakkers. The Fed yakkers become pretty harmless when they all agree on the future direction of interest rates and they a…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Oxford Park Income Fund, Inc. Announces April Net Asset Value and Declaration of Distributions for the Months Ending July, Aug…

Interest rate remain quiet at somewhat lower levels over the course of the last couple of weeks–and while lower, income issues didn’t move much higher–in fact some didn’t move at all. The 10 year treasury is again quiet this morning at 4.41%. The S…

‘ money doesn’t grow on trees’ asks what are some securities–term preferreds or baby bonds on my list of favorites? I often refer to liking short duration (while I understand many like to go with perpetual preferreds–which is possibly infinite). Most…

Equity futures are barely moving this morning and interest rates have moved up a couple of basis points. Since we have just 1 piece of economic news at 9 a.m. (central), the leading economic indicators (LEI) which is not going to move markets we may st…

AMG Announces Partnership with Suma Capital United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock TEN Ltd. Announces Delivery of Six Environmentally Friendly Vessels Since the Beginning of 2024 Mortgage Rates Con…