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As posted by Z and Maine in comments earlier today mREIT Rithm Capital (RITM) is calling 2 million shares ($50 million) of their 7.50% fixed-to-floating preferred (RITM-A). Their press release is here. This is a 6.2 million share issue so plenty will r…

The 10 year treasury is holding right at the 4.30% level today–plus or minus a basis point. No doubt traders are awaiting the personal consumption expenditures (PCE) on Friday–then we could see some fireworks one way or the other. Today housing numbe…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  MidCap Financial Investment Corporation Reports Financial Results for the Quarter…

The Conference Board announced consumer confidence is skidding–and equities are not taking kindly to the news with the S&P500 off about 1% right now. The index was at 98.3 in February versus forecast of 102.4 and 105.3 last month. On the other han…

mREIT Rithm Property Trust has announced they will be selling a new fixed-to-floating rate preferred. This issue will have an early redemption available to the company in 2030. The preliminary prospectus can be read here. J was on top of this one just…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. American National Completes Full Redemption of Outstanding Depositary Shares Representing Int…

Interest rates are pretty calm today–off a basis point, but equities are acting a little confused—will it go up or down? Really not a giant surprise all things considered–markets start off optimistic and then pessimism sets in and down we go from a…

Last week was a somewhat difficult week for the S&P500, although the index is just a tiny bit, around 2%, below an all time record highs. Have we seen the high for this cycle? Of course no one knows, in particular with all that is happening with th…

I have continually seen folks asking about yield to maturity calculations so I thought it was past time to have one on the website. In the various menus you will see ‘yield to maturity calculator’. This link will take you to the new page where your can…

It only takes a singular giant sized stock to torpedo any potential stock rally–and as everyone knows UnitedHealth is the culprit today. But we also have economic news that is pointing a bit toward a softening economy. Global purchasing managers index…

In todays headlines I posted a few hours ago there were earnings that are important to at least some of us. Eagle Point Income Company (EIC) posted earnings today–and generally they were quite satisfactory. For the collateralized loan obligation (CLO)…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted Global Ship Lease Announces Fourth Quarter and Full Year 2024 Earnings Release, Conference Cal…