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I had mentioned that I might take a modest position in a Gabelli CEF preferred and I have done so this morning. My buy was very modest in size. I nibbled on the GAMCO Global Gold Natural Resource 5% perpetual (GGN-B) with a current yield of 6.05% and t…

CLO CEF Oxford Lane Capital has priced a relatively large issue of baby bonds with 6.6 million shares (bonds) being sold. Additionally there are 990,000 shares available for over allotment. The shares price at 7.95% and have a maturity date of 2/29/203…

CLO CEF Oxford Lane Capital Corp. has announced they will be issuing a new $25 baby bond. Of course Oxford Lane (OXLC) is a serial issues of baby bonds and term preferreds and they have numerous issues already outstanding which can be seen here. Invest…

With current interest rates I have found it difficult to be buying much outside of the safe 4.3% CDs – being a total return investor I don’t want to take capital losses in perpetuals if interest rates start to move higher once again. Because of this fe…

I am away from my desktop computer until t0morrow night and will not be able to publish ‘headlines’ on Tuesday and Wednesday.

Here we go again—it could be a relatively quiet week, although we do have FOMC minutes being released on Wednesday and this can always set off fireworks-one never knows. The S&P500 moved higher last week by 3/4% and now just a tiny amount below a…

This term preferred (XFLT-A) will give 6.50% for the next year before mandatory redemption in March, 2026. I hold an overweight position in this issue. It has traded steady as a rock for quite a while as we move closer to the redemption date. XAI Octag…

We have almost daily chaotic events in the government and interest rates which are pretty stubborn about coming down–YET equities are still near record highs. The S&P500 closed yesterday 6115–against a record close of 6128. Crazy strength given t…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. The 30-Year Fixed-Rate Mortgage Continues to Decrease Sale of LNGC Golar Arctic Marks Golar’s…

Interest rates are tumbling this morning by 10 basis points in spite of a producer price index (PPI) that came in warmer than expected. I don’t personally see the reason for the tumble–but lower is always better for us income investors. Not planning t…

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.  Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2024 and the Decl…