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Today we have the producer price index (PPI) on the calendar—the forecast is for prices to decrease—both the headline and core. After the hot CPI numbers yesterday this would be welcome. We also have a gaggle of Fed yakkers today–at least 4–to th…

Below are press releases from companies with preferred stock and/or baby bonds outstanding or just news of a general interest. Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp. Dig…

With the hotter consumer price index this morning interest rates moved a full 12 basis points higher—up around the 4.50% area—ouch. Holders of high quality, low coupon perpetuals and baby bonds with LONG dated maturities are experiencing some pain-…

Great Elm Capital (GECC) has priced the previously announced new baby bond issue with a coupon of 8.5%. The issue is rated BBB by Egan Jones. Being debt this issue will not trade on the grey market–and likely won’t begin to trade for a week or 10 days…

We have just 30 minutes until the release of important inflation data with the consumer price index (CPI). The reason this should be considered important is because the Fed ‘claims’ they need to see a number of good data points before they cut rates. S…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Bridgewater Bancshares, Inc. to Announce First Quarter 2024 Financial Results and Host Earnings Conference Call Runway Growth…

Business development company Great Elm Capital (GECC) has announced they are selling a new issue of baby bonds. The company has several baby bonds outstanding already–they are here. 2 of the 3 are currently redeemable. Below is the use of proceeds fro…

Yesterday we had a spirited back and forth in the ‘Sandbox’–I fully understand the strong feelings folks have about things like student debt forgiveness etc. You can’t believe (or maybe you can) how hard it is to write each day without bringing politi…

It took a few hours but I added to my current position in the Carlyle Credit Income Fund 8.75% term preferred (CCIA) at a buy price of $25.40—it is now trading at $25.29. This may look like a pure ‘yield chase’, but it part of my plan–lower yielding…

The obvious answer to my question is that we have no idea–although I spend plenty of time pondering the question. Everyday I look for ‘bargains’ in the preferred stock and baby bond arena and I simply don’t find issues that I want to buy very badly—…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Apollo Commercial Real Estate Finance, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call Global…

Well once again it is time to get a new week off to a start–of course virtually every week has important new events that are scrutinized to no end–this week the most important event will be the release of the consumer price index (CPI) on Wednesday,…