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Below are press releases from companies with preferred stock and/or baby bonds outstanding. Golar LNG Limited – Announcement of filing of Form 20-F Annual Report Wintrust Financial Corporation Announces First Quarter 2024 Earnings Release Schedule Arma…

Finally late yesterday we got pricing on the new Eagle Point Income (EIC) term preferred. The issue prices at 8%. The issue is a monthly payer. The company has 2 term preferred issues outstanding already which can be seen here. I own the 7.75% EICB iss…

Equity futures are quiet as we await the most recent economic news. We have the second look at 4th quarter GDP and initial jobless claims at 7:30 a.m. (central)–then at 9 a.m. we have pending home sales and consumer sentiment. News that previously was…

We are still awaiting pricing on the new Eagle Point Income (EIC) term preferred–it is unusual for the issue to not be priced as of yet. The new 6.75% baby bond from Affiliated Managers (AMG) is now trading under ticker MGRE and is now at $25.58. The…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. TEN Ltd. Reports Record Profits for Year-End and Fourth Quarter 2023 Results and Dividend of $0.60 per Common Share CTO Realty…

When I have cash in my accounts I almost always feel compelled to buy something–preferred stock or baby bonds, but now for the first time in years I have jettisoned that ‘need’. When my money market is paying me over 5% and CDs are 5.3% for 3 month, n…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results Logan Ridge Finance Corpora…

CLO owner Eagle Point Income (EIC) has announced the offering of a new issue of term preferred stock. The issue will be a monthly payer and will have a maturity in 2029. EIC already has 2 issues of term preferred outstanding which can be seen here. The…

Lately it seems that we are always awaiting ‘news’—in particular inflation news. This week we have the personal consumption expenditures (PCE) data on Friday and just watching interest rates yesterday and this morning it appears that it is highly lik…

BDC Trinity Capital (TRIN) has priced their new issue of notes due 2029. The issue prices at 7.875% for 4 million shares plus 600,000 more available for overallotment. The notes are rated BBB by Egan-Jones and BBBL by Morningstar (not sure how Mornings…

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest. Freddie Mac Issues Monthly Volume Summary for February 2024 Enstar Subsidiary Assigned ‘A’ Financial Strength Rating by S&…

Business Development Company (BDC) Trinity Capital (TRIN) has announced that they will be selling a new issue of baby bonds. The company has a 7% issue outstanding already (TRINL) (which I own) which has a maturity in 2025—the new issue will have a 2…