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Well we are 45 minutes away from interest rate announcements from the FOMC at 1 p.m. central. It is always fun to watch the algo’s move markets up and down at 1 p.m.—just noise. No change is expected and will be delivered–as is usual verbiage in the…

Back on 1/4/2024 I wrote on the CHS reset preferreds–that the coupons are to be fixed coupons in the future. I had missed their official announcement on 1/10/2024 relative to this topic–my original position was confirmed. I had previously updated inf…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general economic interest. WaFd, Inc. Receives Regulatory Approval for Acquisition of Luther Burbank Corporation Atlanticus Closes $50 Million O…

Have you noticed? Have you noticed that while many of the preferred shares and baby bonds have moved sharply higher there are always laggards–some that seeming do not move higher regardless of interest rates. Someone asked about why Greenbrick Partner…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general economic interest. Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2023 and Announces Total D…

As I had noted last week I was going to do some minor buying–and that is what I did on Friday. I added a small amount of Sirius Point 8% Resettable preferred (SPNT-B) at $25.27–a little more than I had hoped, but it has plenty of accused dividend as…

Well time to start another week and see if the S&P500 continues to ‘levitate’ or if common share holders decide to bring things down to what some might believe is more reasonable price levels. My hope is that if shares move lower they will do it in…

Sub prime lender Atlanticus Holdings (ATLC) has priced the previously announced baby bonds. The issue prices at 9.25%. The issue will trade on the NASDAQ in a week or so under ticker ATLCZ. This issue is callable at anytime–with payment of a bonus pay…

Well we are just 30 minutes from the release of the biggest economic number of the week (at least in some minds) – the personal consumption expenditure (PCE) report. Will this number–if showing inflation at an elevated level toss cold water on the pre…

Below are press releases from companys that have preferred stock and/or baby bonds outstanding–or just news of a general interest. Armada Hoffler’s BBB Credit Rating Confirmed by Morningstar DBRS UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2023 D…

Well we had mixed economic news this morning GDP for the 4th quarter coming in hotter than forecast–not just a little–but much hotter. On the surface you might thing interest rates would move higher—but no rates have moved 5 basis points lower. Dur…

The last few days the 10 year treasury has crept higher and higher–on Wednesday the yield hit 4.18%–up from the low of 4.07% on Tuesday. Economic news continue to be slightly favorable–and this morning we have important news with the 1st read on 4th…