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Once again one of the junkier issues sold during the time of zero interest rates is going away. Harbor Custom Development (HCDI) has filed chapter 11 tonight. The company sold a 8% convertible preferred issue 6/10/2021. These shares have been on the mo…

We had plenty of junky preferred issues sold in the last few years. Of course there is always junk being sold, but during the age of zero interest rates we had more than our fair share. Tonight we have CareCloud (CCLD) announcing the suspension on thei…

Below are press releases from companys which have baby bonds or preferred stock outstanding. Or simply news of general interest. CareCloud Announces Suspension of its Dividends on Non-Convertible Series A and Series B Cumulative Redeemable Perpetual Pr…

Each time I post this we have more users–and more proof readers. I have a Google sortable spreadsheet here (the instruction page) that contains $25/shares issues (baby bonds and preferreds). At this time it doesn’t include most convertibles or hybrid…

Well overall last week was a quiet week with the S&P500 moving very little week over week and the 10 year treasury mirroring the stock markets. The S&P500 moved higher by almost exactly 10 points last week closing the week at 4604. The index mo…

Another pure junk preferred issue which carries a coupon of 10% has had their dividend suspended. Esports Entertainment (GMBL) 10% convertible preferred (GMBLP), which was sold during the zero interest rate period in 2021 is a $10 issue–now trading at…

Yesterday I made a purchase for my ‘sock drawer’ (to be held for the safe yield). I purchased shares of General American Investors (GAM) 5.95% perpetual preferred (GAM-B) at $24.47 for a current yield of about 6.1%. This is an old favorite closed end f…

So once again all eyes are on jobs numbers which will be released at 7:30 a.m.(central)–and these are the ‘official’ jobs numbers from the Bureau of Labor statistics (BLS). Forecasts are for 190,000 jobs being added–but apparently this includes aroun…

Below are some press releases from companies with preferred stock and/or baby bonds outstanding.  Athene Prices $600 Million Investment Grade Notes Offering CubeSmart Announces 4.1% Increase in Quarterly Common Dividend Dynagas LNG Partners LP Reports…

This must be jobs week – yesterday we had ADP jobs creation numbers which came in soft to forecast. Today we have the weekly 1st time unemployment claims–and also ‘continuing claims’ being released. Tomorrow we have November jobs creation, unemploymen…

BDC Midcap Financial Investment (MFIC) (formerly Apollo Investment) has priced their new baby bond issue. The issue prices at 8% for 3 million shares plus an over allotment of 450,000 shares (bonds). Kroll rates the issue BBB- Look for this issue to tr…

Below are some press releases from companies with preferred stock and/or baby bonds outstanding. DTE Energy sets 2024 annual meeting date Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shar…