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Interest rates have been flattish all week long–unusual to go 3 days with the 10 year treasury yield trading in a range of 4.24% to 4.32%. Today that will change–at least a 75% chance we will trade out of this range with the release of the personal c…

$225 billion dollar asset manager TPG Inc. (TPG) has announced the coming issuance of a new $25/share junior subordinated debentures. The issue will have a maturity date 3/15/2064 with an early redemption date available to the issuer starting 3/15/2029…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general interest. UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023 Compass Diversified Reports Four…

As noted by Dick Whitman a few minutes ago in Reader Alerts Citigroup has announced a full redemption of perpetual preferred C-J. This is a fixed to floating issue that has been floating since 9/23. The banker had previously called a portion of this is…

Well yesterday I had my 1st ever call on a CD–a JPMorgan 5.60% issue. As shown below. I wondered how the mechanics of a call worked—now I know. Prior to 2 years ago my CD experience was only with local bankers. It looks like JPM is only needing abou…

Below are press releases from companys with preferred stock and baby bonds outstanding–as well as just news of a general interest. Synchronoss Technologies to Report Fourth Quarter and Full Year 2023 Financial Results on Tuesday, March 12, 2024 at 4:3…

I continue to focus on economic data–I need data to make my decisions on investing. For months I wrote that we would not see a Fed Funds rate cut in March–the data simply didn’t justify a cut. I stick with my opinions on March and honestly thus far s…

Below are press releases from companys with preferred stock and/or baby bonds outstanding – or just news of general interest. LifeMD to Report Fourth Quarter 2023 Financial Results on March 11 OFS Capital Corporation Announces Date for Its Fourth Quart…

Looks like the tech stocks are mostly taking a break today from their never ending push higher. Interest rates have moved a bit higher—just 4 basis points. I suppose that most folks are focused on the personal consumption expenditures (PCE) on Thursd…

We continue with a market that has been moving favorably for income investors–in spite of interest rates trading in the 4.25% area. Income securities have for a the time being disconnected a bit from rates as the average $25/share issue hit the highes…

I have made a couple changes–1 sale and 1 purchase in the portfolio. 1st of all I sold my AIG-A 5.85% perpetual preferred position on 2/2/2024 for $25.27. On 1/31/2024 AIG had announced a call of this issue for 3/15/2024. I decided to take a few cents…

Each evening (Monday through Thursday) I post ‘headlines of interest’with press releases from companys with preferreds and baby bonds outstanding. Most certainly I miss some headlines—but I scan thousands of press releases and many times pick up a ‘n…