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I’ve been looking to buy something with a 8% yield–or yield to maturity of around 8% and the best idea I have for now is to enter an order for the Hennessy Advisors 4.875% Note due 2026 (HNNAZ) at a buy price of $23.30 which would give me about 8% yie…

Yesterday saw a giant dump in equities when the combination of war talk in the middle east and big mouthed Fed yakkers took the S&P500 from a gain of 1% to a loss of over 1% in about an hour. I am tired of Fed folks talking–if I was king these fol…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Mortgage Rates Continue to Show Little Movement SiriusPoint Announces Pricing of Tender Offer for 4.600% Senior Notes due 2026…

You’ve probably seen the news that supposedly Iran is to attack Israel in the next 48 hours—of course no one knows for sure if this will occur, but this is what the CIA is positing. The S&P500 which was quite green turned 1% red in the last few m…

Anyone interested in the CTO Realty 6.375% perpetual preferred (CTO-A) it is now trading at $20.12 for a current yield of just shy of 8%. The company sold another 1.5 million shares of this issue last night (with another 225,000 available for overallot…

Markets are not just about inflation–an equal influence on the economy is jobs and there have been few (if any) signals that we are seeing any job softness. Once again we got a jobs number yesterday that did NOT indicate softness when ADP reported the…

Real Estate Investment Trust CTO Realty Growth (CTO) has announced they will sell 3 million additional shares of their currently outstanding 6.375% perpetual preferred (CTO-A) which closed today at $20.62/share for a current yield of 7.73%–shares are…

Below are press releases from companies with preferred stock and/or baby bonds outstanding – or just news of general interest. Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00%…

I was surprised and pleased that the jump in interest rates did very little damage to our investment accounts–although account balances are distorted by the fairly large influx of interest payments on CDs (balances rise with interest payments while th…

Yesterday interest rates popped closing at 4.32% and this morning the 10 year treasury yield is continuing to rise – now at 4.37%. The S&P500 fell .2% yesterday and this morning the futures are down about 1/2%. Really there is no apparent definitiv…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Oaktree Specialty Lending Corporation Schedules Second Fiscal Quarter Earnings Conference Call for April 30, 2024 Equitable Ho…

I just took a nibble on the newer Carlyle Credit Income Fund 8.75% term preferred stock—CCIA. This issue was floated 10/18/23. I have been watching the issue and it has been trading above $25 since issued and now is trading at $25.40. A bonus (at lea…