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Below are press releases from companys with preferred stock and/or bby bonds outstanding – or just news of a general interest. Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2023 Results OceanFirst Financial Corp. Announces Quart…

mREIT Redwood Trust (RWT) has priced the previously announced senior notes. The notes price at 9.125%–right at the ‘yield talk’ number from Earlybird yesterday. The issue will trade under ticker RWTN when it begins to trade on the NYSE. It is likely t…

This is simply a link to an article on commercial real estate in the Wall Street Journal. I believe everyone should be able to access the article.

Below are press releases from companys that have preferred stock and/or baby bonds outstanding – or just news of general interest. Wintrust Financial Corporation Reports Record Full Year Net Income Vornado Announces Fourth Quarter Earnings Release Date…

Mortgage REIT Redwood Trust (RWT) has announced they will be selling a new issue of senior notes with a maturity date in 2029. The notes will have an early redemption available in 2026 at the option of the issuer. The issue will trade under ticker RWTN…

I haven’t traditionally watched the CME FedWatch tool to see what expectations are for Fed rate cuts – an occasional glance. Now I am watching it everyday–I think because my point of view has been so contrary to the general view out there. Simply I ha…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. Kentucky First Federal Bancorp Announces Suspension of Quarterly Cash Dividend Equity Commonwealth Declares Series D Preferred…

Well we have been getting earnings reports from the big banks, but I am most interested in the small bank reports. While I exited most of my small bank holdings (too early of course) I still have a couple holdings left and thus have an interest. I’ll b…

Well time to get another trading week underway. Last week we had the consumer price index (CPI) and the producer price index (PPI) released with the CPI showing inflation slightly hotter than expected and the PPI showing cooling inflation at the produc…

I hadn’t noticed that CHS released their earnings on Wednesday for teh quarter ending 11/30/23. Earnings were off in most sectors of the business from versus the year ago quarter–but that quarter was a real blow out to the upside. Overall net income w…

Below is the pricing detail on the new Eagle Point Credit Company 8% term preferred. Folks should peruse all of the Eagle Point Credit issues outstanding (baby bonds, term preferreds and traditional preferreds) before deciding on an investment in a par…

Well yesterday we got some consumer price index (CPI) numbers that we hotter than forecast – markets reacted strongly – for about 90 minutes and then yawned. The S&P500 fell a bit–but nothing of significance, while the 10 year treasury fell 5 basi…