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This will be an interesting week as we get key pieces of inflation data with the CPI (consumer price index) and the PPI (producer price index). The S&P500 rose by 1.8% – a perfect week as jobless claims jumped higher which followed up the rising un…

After waiting for a few years for employment to soften we have gotten data which MAY indicate that we are seeing either job losses or minimally a slowing in jobs being created. Of course a couple of numbers is not exactly a trend–but it is more than w…

Below are press releases from companies with preferred stock and/or baby bonds outstanding – or just news of general interest. XOMA Reports First Quarter 2024 Financial Results and Highlights Recent Activities Brookfield Reinsurance Announces First Qua…

Yesterday just after I wrote I planned on doing nothing this week investors decided to dump one of the issues I mentioned that I would like to buy more of–but was overweight in already. Those shares were the RiverNorth Opportunities Fund 6% perpetual…

mREIT AG Mortgage (MITT) has priced their most recent issue of baby bonds. MITT sold an issue of 9.50% baby bonds (MITN) in January and this is now trading at $25.15 (current yield of 9.43%). The pricing term sheet can be read here.

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Stifel Declares Quarterly Common Stock Cash Dividend and Declares Preferred Stock Cash Dividend GAMCO Investors, Inc. Reports…

Mortgage REIT AG Mortgage Trust (MITT) has announced they will be selling a new issue of baby bonds—they sold an issue just in January with a 9.50% coupon. The company has numerous issues of preferred stock and baby bonds outstanding which can be see…

I’ve noticed lately that bombastic headlines are showing up related to the stock market–again. Honestly these types of headlines have been showing up for years–here is a recent one that caught my eye– ‘Millions Of Households Will Have Their Retireme…

Below is the details on the new preferred stock issued by the SCE Trust VIII. The trust preferreds issued by the trusts of SCE are different than most trust preferred shares—these trusts preferreds pay dividends which are both cumulative and qualifie…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Brookfield Reinsurance Announces Credit Rating Upgrade of American Equity Investment Life Insurance Company to A Prospect Capi…

Below are the details on the new 7.50% non cumulative preferred from M&T Bank. The pricing term sheet is here.

Southern California Edison (EIX) has announced they will be selling a new issue of trust preferred securities. It is possible the company will be redeeming one of their outstanding trust preferred issues of which there are a number of issues. The preli…