Home

Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of a general interest. Armada Hoffler To Discuss Fourth Quarter Earnings On February 22nd Kite Realty Group Trust to Report Fourth Quarter 2023 Fin…

CLO owner Eagle Point Credit (ECC) has announced they will be selling a new term preferred with a mandatory redemption in 2029. This will be a monthly payer. The permanent ticker will be ECCF. The company has many outstanding issues of term preferreds,…

Well the big number of the week will be released in about 20 minutes–the consumer price index (CPI). This report coupled with the same report next two months will be huge factors in deciding if the Fed Funds rate gets lowered at the FOMC meeting in Ma…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest. UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS Ready Capital Exceeds $1 Billion in Affordable Multifamily Loan Cl…

Energy giant Energy Transfer (ET) has announced a huge preferred stock redemption this morning. They will be calling the ET-C, ET-D and ED-E issues of preferred stock with proceeds from debt issuance. All these are fixed to floating issues. E will not…

This morning I decided to go ahead and take a position in the Trinity Capital 7% Note (TRINL) with a maturity of 1/16/2025. I paid $25.20–a dime more than I wanted to pay–but a fair price. This is simply locking down what I believe to be a very solid…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of a general interest. Bridgewater Bancshares, Inc. to Announce Fourth Quarter 2023 Financial Results and Host Earnings Conference Call Saratoga Inv…

Below is the pricing detail for the new mREIT MFA Financial baby bonds priced last night. This issue will likely start trading sometime next week. The pricing term sheet is here.

The 10 year treasury is holding flat in the 4.04% area this morning which is up just a few basis points from the close yesterday. Looking at the economic calendar there is nothing really there–nothing yesterday, nothing today and little tomorrow so th…

Below are press releases from companys which have preferred stock and/or baby bonds outstanding–or just news of a general interest. MFA Financial, Inc. Announces Pricing of Public Offering of Senior Notes Offices Around America Hit a New Vacancy Recor…

As I disclosed in an earlier note I intended to place a good-til-cancelled order for some shares in annuity provider Brighthouse Financial (BHF). The BHFAP 6.60% non cumulative preferred was trading at $22/share on Friday and I entered a GTC order at $…

mREIT MFA Financial Inc (MFA) has announced an offering of senior notes with a maturity of 2029. The notes will have an early redemption available to the company on 2/15/2026. The notes will trade on the NYSE under permanent ticker MFAN after they pric…