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So now we are at the last trading day pre-Christmas. Lots of folks are already off drinking hot toddys or fighting the crowds in the airports looking to travel. The rest of us are waiting for the release of the personal consumption expenditure (PCE) nu…

Below are press releases from companys that have preferred stock and/or baby bonds outstanding. Freddie Mac Issues Monthly Volume Summary for November 2023 Presidio Regains Compliance with Nasdaq Minimum Bid Price Requirement Stifel Reports November 20…

One of my favorite holdings over the last year or two has been the Affilated Managers 5.875% baby bond (MGR). For me it is a sock drawer issue (as I define sock drawer–high quality with a reasonable coupon). This issue is rated BBB- by S&P, but is…

Yesterday I had no sooner written that Santa was dragging the markets higher than the drop began—the S&P500 dropped over 2% from the daily high—selling induced more selling when stop losses were taken out. This really started as simple profit t…

Below are press releases from companys with preferred stock and/or baby bonds outstanding. Inventory falls to all-time low, while home prices continue to climb across New York CareCloud Financial & Operational Update Kearny Financial Corp. Announce…

It’s not fast at this point in time, but each day is providing modest gains for income investors. Looking today our accounts are up about .1-.2% – not much but always better than red. Little Bridgewater Bancorp 5.875% perpetual preferred (BWBBP) has be…

As I noted I had started a position in the Energy Transfer 9.25% preferred (ET-I) last month at a price of $10.01. Today I doubled up on the position at a price of $9.73. Obviously this meets my hurdle yield of the 8% area–currently yielding 8.7%ish….

Last Friday and again Monday I had quite a bunch of CDs reach there maturity date. These were all 5.15% issues–not a bad yield at all. Thus far in the last couple years (I’m guessing) I have kept cash balances (pure cash/money markets) low, buying eit…

Below are press releases from companys that have preferreds and baby bonds outstanding. Brookfield Infrastructure Announces Results of Reclassification of Its Series 11 Preferred Units Dime Community Bancshares Declares Quarterly Cash Dividend for Comm…

Just a quick refresher–someone asked. There are 3 ways to donate to the website. Paypal (any credit card) Venmo The good old U.S. Postal system Paypal is by far and away the most popular with users. Then the Postal Service is used by maybe 10% of peop…

I bought an initial position in the new 8% baby bond (MFICL) from business development company (BDC) Midcap Financial Investment (MFIC). I paid $25.14 This meets my ‘hurdle’ in the high yield segment (being 8%). MFIC has been around since 2008 and they…

The new 8% baby bond issue from BDC Midcap Financial (MFICL) (the old Apollo Investment) is now trading on Fido and I picked some up at $25.14. Not seeing it trade on eTrade yet. Thanks to NWGG and RandyK for updating folks in the comments.