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Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Western Alliance Bancorporation Reports First Quarter 2024 Financial Results Allstate Announces March and First Quarter 2024 C…

Yesterday we got a bit of a fall back just a bit—closing the day at 4.57% and now trading at 4.58%. This is a nice bit of relief for income investors as our accounts got a bit of a bounce yesterday in response. Does this mean for the weeks ahead? We…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Pyxis Tankers Announces Filing of Form 20-F for the Year Ended December 31, 2023 Wintrust Financial Corporation Reports Record…

As I mentioned in my note this morning I took a nibble on the RiverNorth Opportunities Fund 6% preferred (RIV-A) yesterday. This is one which I had a full position in, but because of the safety of this issue going a bit overweight is fairly comfortable…

In a speech yesterday Fed chair Powell has tossed cold water on any realistic hope that investors have for Fed Funds rate cuts in the next couple months. Honestly finally he has come around to where he should have been all along – that you shouldn’t be…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Horizon Technology Finance to Announce First Quarter 2024 Financial Results Ontrak Announces 2023 Fourth Quarter and Year End…

So we have had almost 2 months where interest rates have been trending higher—the last time we had the 10 year treasury under 4% was back on 2/2/2024—from there it has been a constant push higher. During that time frame economic news has not been f…

Mortgage REIT MFA Financial (MFA) has priced their new baby bond with a coupon of 9%. The sold 3 million shares with an over allotment option for another 450,000 shares. The bonds have a maturity of 8/15/2029 with an early redemption available beginnin…

Below are press releases from companies with preferred stock and baby bonds outstanding–or just news of general interest. HTLF Schedules First Quarter Earnings Conference Call for May 1, 2024 Scorpio Tankers Inc. Announces That on May 9, 2024, the Com…

Wow the 10 year treasury is now trading at 4.63%–all based upon stronger retail sales continuing at strong levels. The consumer is saying buy, buy, buy–probably taking the credit card out as they just can’t help themselves. Equities which started the…

mREIT MFA Financial (MFA) has announced they are selling a new issue of $25 baby bonds. The bonds will mature in 2029 and will trade under ticker MFAO. MFA has a number of other income securities outstanding which can be seen here. The preliminary pros…

Last week was a relatively exciting week–not necessarily in a good way, but lots of movement in stocks and bonds. Personally I had some damage done to portfolios, but not severe and will hopefully start to get some of the losses back starting this wee…