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Below are some press releases from companies with preferred stock and/or baby bonds outstanding. Vornado Declares Common Dividend of $.30 Per Share Midland States Bancorp, Inc. Announces Authorization of New $25 Million Stock Repurchase Program Presidi…

Wow–the softening job openings report has really hammered interest rates lower – the 10 year Treasury now off by 11 basis points. Obviously the folks trading bonds are are thinking like I have been thinking–it’s all about jobs, jobs, jobs. The Job Op…

Specialty asset manager Abacus Life (ABL) has sold a new issue of high yield baby bonds. This issue was overlooked by me, but 2whiteroses pointed it out. Officially these shares were sold on 11/10/2023, but only registered a few days ago. The issue has…

Any time we get strong runs up-or even down it is totally normal to have a day or 2 of backing and filling. Yesterday we had a tiny amount of giveback in preferreds and baby bonds as prices fell by a nickel or a dime. After the run up we have had in pr…

Below are some press releases from companies with preferred stock and/or baby bonds outstanding. Essential Properties Realty Trust, Inc. Increases Quarterly Dividend to $0.285 per Share, a 1.8% Increase Over Prior Quarter Priority Income Fund Announces…

We are now finally at a point where preferred and baby bond pricing equals a year ago. During the course of 2023 we have been as much as about 10% higher than we were on 11/1/2023 (it was way back in January), but these move have given opportunity. The…

Last week was another decent week for investors of all sorts – including income investors. The S&P500 moved higher from the previous Friday by about .8%–not a rocket ship, but plenty decent for a week. The 10 year treasury moved lower in yield – b…

November was not only a stellar month for commons stocks, but preferreds and baby bonds fully participated in the rally. The average $25/share issue closed the month at $21.27–which is up from 10/27/23 by $1.10/share – a gain of 5.5%. While many of us…

Below are some press releases from companies with preferred stock and/or baby bonds outstanding. Mortgage Rates Drop for the Fifth Consecutive Week Safe Bulkers, Inc. Announces a Five Million Shares of Common Stock Repurchase Program UMH PROPERTIES, IN…

With the chance to bank a near 10% gain on Hennessy Advisors (HNNAZ) 4.875% baby bonds I took the opportunity with the majority of my shares. I held about 125% of what would be my normal full position. I did keep a few hundred shares as there little ri…

Insurance company F&G Annuities & Life (FG) has priced a new issue of baby bonds. The issue prices at 7.95% and is investment grade per S&P and Fitch–both at BBB- The issue has a long maturity date out in 2053. The ticker will be FGN when…

This morning we have the personal consumption expenditure (PCE) numbers being released in an h0ur – one of the most important pieces of data. The ‘core’ inflation data and the ‘headline’ inflation number are both expected to fall a little from last mon…