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We go through periods of near perfect conditions for income investors–stable interest rates and low-moderate growth rates. All of a sudden it appears we have entered one of those periods–the 10 year treasury which I thought might assault 5% is down t…

Below are press releases from companies that have preferred stock and/or baby bonds outstanding – or just news of general interest. Saratoga Investment Corp. Announces Fiscal Year-End and Fourth Quarter 2024 Financial Results NewtekOne, Inc. Reports Fi…

M&T Bank (MTB) has announced they will be selling a new issue of $25/share preferred stock. MTB has one other outstanding preferred which they inherited from the acquisition of Peoples Bank on 4/1/2022–it is a 5.625% fixed to floating perpetual. T…

Last week was kind of a wild week day to day, but the end result was the S&P500 ended up by about 1/2% compared to the previous Fridays close. The range was 5011 to 5139–more than 2% as economic news and earnings pushed the index around. Interest…

I had already written that I had made a purchase in the Priority Income Fund Term Preferred 6% (PRIF-H) shares. These have a mandatory redemption in 12/2026 and thus at $23.26 carry a yield to maturity of somewhat over 9%. Then at some point Friday aft…

I added a starter position to my bucket just now—not the safe bucket CEF preferred I wanted to buy, but a buy just the same. I added shares of Priority Income Fund 6% term preferred (PRIF-H)–which has a mandatory redemption in 2026. I paid $23.26 wh…

In an hour we get the official government number on job creation in April. Forecasters have a 240,000 number with unchanged unemployment at 3.8%. Importantly hourly wages are predicted to rise .3%–this is an important component as other data had shown…

Today was the type of day we should all like–equities were up while interest rates have trended down closing at 4.57%. I know that our accounts got a decent lift in the rally. Today we got economic news that was kind to us. 1st time jobless claims wer…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Lincoln Financial Group Reports 2024 First Quarter Results OFS Capital Corporation Announces First Quarter 2024 Financial Resu…

Yesterday we had a relatively quiet day UNTIL Jay Powell started speaking after the interest rate announcement–then the S&P500 went parabolic-up 80 S&P points where it stayed for 30 minutes before plunging all 80 points (and a few more). I’ll…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Brunswick Corporation Announces Quarterly Dividend Runway Growth Finance Corp. Announces Second Quarter Regular Dividend of $0…

As I noted earlier in the day I planned to execute a trade for my ‘high yield, higher risk’ bucket and I did just that. I bought a starter position in the Annaly Capital 6.95% fixed to floating rate preferred (NLY-F) at $25.30–which includes a month a…