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Below are some press releases from companies with preferred stock and/or baby bonds outstanding. Very slow news day today. NewtekOne, Inc. Launches Newtek Accounting Ellington Financial Declares Interim Monthly Dividend of $0.06 Per Share Citigroup Ann…

Wow!! The 10 year treasury is trading with a yield right now of 4.28%–who would have guessed that Fed yakkers who had worked hard to jawbone rates higher a few months ago are now talking in the opposite direction. Of course in the long term markets an…

It seems weird that the holding which has performed the worst for me over the last year is the one I am most comfortable holding forever–well not forever, but for the time being as long as interest rates remain ‘tame’. Tri-Continental Corporation (TY)…

Lodging REIT Hersha Hospitality (HT) has consummated their deal to be taken private. Hersha had 3 preferred issues outstanding which have all been converted into a right to receive $25/share. All trading in the common and preferred shares has now been…

Financial services company B Riley (RILY) which had gotten a bounce in the last week up into the $24/share area are tumbling again–trading this morning at $18.62. Shares had been as high as $43 only a month ago. Short sellers have had the company unde…

Below are some press releases from companies with preferred stock and/or baby bonds outstanding. Slow news day today. Safe Bulkers, Inc. Announces Sale of a 2015-built Kamsarmax Class Dry-bulk Vessel Great Elm Capital Corp. (“GECC”) Extends Revolving C…

Just like most days last week stock markets aren’t really moving much at all—up a tiny amount and down a tiny amount. I guess that there are fair odds that this week will remain quiet, at least until Thursday when we will see some inflation numbers i…

Well we get back to normal this week after a pretty quiet Thanksgiving week in the U.S. The S&P500 moved higher by exactly 1% from the close on the previous Friday. Most of the gain came on Monday with the balance of the week drifting with the Thur…

A Friday after Thanksgiving in the U.S. The trading day ends at noon (central) for equities–bond trading ends an hour later at 1 p.m. (central). Not much is likely to happen today–although we have a little economic news hitting at 8:45 a.m. (central)…

Well we get to get away from market fixation tomorrow. Actually I have so much work to do other than market stuff I’ll spend a fair amount of time painting one of the walls in my office. But I hope that you all have a Thanksgiving that is meaningful to…

The 10 year treasury is drifting lower again today–now at 4.377%. We do have economic news today that could move the rate in either direct–in particular on the day before Thanksgiving in the U.S. when many traders are likely taking the day off. Today…

Below are some press releases from companies with preferred stock and/or baby bonds outstanding. Slow news day today. CTO Realty Growth Declares Dividends for the Fourth Quarter 2023 Air Lease Corporation Announces Delivery of First of Eight New Airbus…