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For whatever reason I decided to try to check out AmTrust Financial (private) a bit last night. As most of you know AmTrust is an insurance company that went private in late 2018 and then delisted their preferreds and baby bonds. All shares are now tra…

Below are press releases from companys with preferred stock and/or baby bonds outstanding – or just news of general interest. SiriusPoint Announces Date for Fourth Quarter and Full Year 2023 Earnings Release Midland States Bancorp, Inc. Increases Commo…

Now that we have maybe pushed out reductions in the Fed Funds rate until at least May (well who knows for sure?) it seems that we will have some delayed pressure to move share prices up on baby bonds and preferreds. Seems to me that at this time with i…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. Enstar Group Limited Announces Quarterly Preference Share Dividends NewtekOne, Inc. Begins 2024 with Strong January Loan Pipeli…

We have a plethora of Fed folks yakking this week–and while I haven’t checked out their speeches I think it safe to assume that most of them are pretty much in lockstep with their line on probably pushing out rate cuts into May. The 10 year treasury i…

The S&P500 moved higher once again last week–although it took a big day of gains on Friday to move us solidly into the green. The index rose 1.4% after the jobs report on Friday surprised by a huge amount to the upside – forget that the jobs gain…

Crazy numbers–do you all believe the employment numbers released earlier today–353,000 new jobs. I am highly skeptical of the numbers, but in the end both equities and interest rates react so we have to work with the cards we are dealt. The 10 year t…

Below are press releases from companys that have preferred stock and/or baby bonds outstanding–or just news of general interest. ARMOUR Residential REIT, Inc. Announces February 2024 Dividend Rate Per Common Share and Tax Allocation for 2023 Dividends…

Actually I don’t think investors and markets are thumbing their collective noses at Jay Powell – more like yesterday was a reaction that maybe wasn’t warranted. Not that the sell off yesterday was all that bad–certainly we have seen much worse in the…

Yesterday we got exactly what we expected from the FOMC–nothing–no change. What wasn’t expected was statements from the Fed chair that we may not see cuts in March–a meeting that is 47 days away–a strange comment from someone who is ‘data dependent…

Tonight AIG announced a redemption of their series A preferred shares (AIG-A). Shares are 1st redeemable on 3/15 and that is the date of redemption. Redemption is $25/share plus accrued dividends. The announcement is here.

Below are press releases from companys that have preferred stock and/or baby bonds outstanding–or just news of a general interest. CubeSmart Announces the Date of Its Fourth Quarter 2023 Earnings Release and Conference Call Sachem Capital Corp. Announ…