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Well finally we get by the holidays for a while – with all the market players getting back to work we will likely soon see more wild moves in the market. Santa made December a very good month for most all sectors–will January take away some of those g…

I am studying the newer Carlyle Credit Income Fund 8.75 % Term Preferred (CCIA) for a potential small position. It meets my hurdle–high yield, monthly payer and mandatory redemption in 2028. This fund is newer, although technically it has been around…

We have had the Dow Jones Industrials hitting numerous new all time highs–but this 30 stock index is one that doesn’t represent the equity markets (in my opinion). Now we are on the edge of hitting new all time highs with the S&P500–today could b…

Below are press releases from companys that have preferreds and/or baby bonds outstanding. This has been a very slow news week–and likely will be slow until 1/2/2024. Bank OZK Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and C…

We look back 2 years ago and what do we see? Cash in brokerage accounts earning .01%–or some crazy number. We all lamented the lack of decent coupons on new preferreds and baby bonds being sold with lousy coupons–i.e. REIT Hudson Pacific (HPP) sellin…

Below are press releases from companys with preferred stock and/or baby bonds outstanding. This is and will be a very quiet ‘news’ week. Hudson Pacific Announces Completion of Credit Facility Amendment ASHFORD TRUST SETS FOURTH QUARTER EARNINGS RELEASE…

As has been pointed out by numerous folks the the Bank Term Funding Program from the Fed MAY be coming to an end on 3/11/2024. The program is meant to give banks liquidity using certain eligible securities (i.e. treasuries, agency securities and agency…

It’s a typical slow time of year economically speaking with the holidays and days surrounding the holidays—stock and bond prices are relatively quiet with stocks creeping slowly higher and bond yields slowly drifting lower. I love these drifting mark…

Below are press releases from companys with preferred stock and/or baby bonds outstanding. This is and will be a very quiet ‘news’ week. Hersha Hotels and Resorts Announces Dividend Classification for 2023 LifeMD Declares Quarterly Dividend on Series A…

I couldn’t resist selling 1/3rd of my Bridgewater Bancorp (BWB) 5.875% perpetual preferred stock (BWBBP). I sold for $19.20/share. I had written on 11/20/2023–‘My Fixation with Bridgewater Bancorp Preferred Stock’. With shares trading that day at $15….

Tex the 2nd posted some comments last week that made me think about how the ‘buy and hold’ person (of purely preferreds and baby bonds) would have faired over the course of the last 2 years. This would have been through the Fed interest rate hiking cyc…

Well time to get back to more normal life as the holidays come to an end–at least for many of us. Hopefully everyone had time to get with family or folks they are close to and share a meal or to just visit. I had my time with 8 grandchildren and with…