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Yesterday was a very good day for income investors–about time we had one to help recoup some of the losses from the past number of months. Of course the rally was nice for portfolio balances, but it would have been better if I held 100% baby bonds and…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. Lincoln Financial Group Reports Third Quarter 2023 Results R…

Just 30 minutes to the highlight of the day – certainly the talking heads can hardly wait – I am sure CNBC has a panel all queued up so they can give their opinions and they can yak about it for at least an hour–maybe more. I will actually turn on CNB…

ADP announced new jobs at 113,000 versus a forecast of 130,000. Just how we would like it if anyone really cared about ADP. The S&P PMI came in right at forecast of 50 – kind of goldilocks from the purchasing managers. JOLTS (job openings and labor…

I am up very early today – 3 a.m. – that’s what happens if you go to bed at 8 p.m. Honestly I do my most clear thinking very, very early in the day. This morning my thoughts are on interest rates. These thoughts are difficult to consider without politi…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. Sotherly Hotels Inc. Announces Quarterly Preferred Dividends…

A couple items of note in the headlines from last night. The skunks at Prospect Capital (PSEC) have made a tender offer for their $25 5.35% perpetual preferred shares (PSEC-A) for about $15.88/share. Shares were trading in the lower $14’s yesterday wit…

So it is almost time for the FOMC meeting to get started–anticipation which is probably unwarranted as the results of the meeting have been telegraphed continuously. The problem with this continuous telegraphing is that if data runs hot (as much of it…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Once again I am adding some small bank earnings in during earnings season. Vornado Announces Third Quarter 2023 Financial Results Prosp…

Equity markets are partying today with the S&P500 up 1.12% and the DJIA up 1.51%—not sure if this is a dead cat bounce or if the markets are relieved that the FOMC meeting time is almost here and we can get the ‘decision’ out of the way or maybe…

The S&P500 had another tough week last week losing 2.5% from the previous Fridays close. The index traded in a range of 4117 – 4255, the close on Friday was near the low of the week. The 10 year treasury closed at 4.845% which was a couple basis po…

Recently a number of folks here and on other websites have mentioned some utility ‘illiquids’ for a possible purchase for those wanting a very safe income stream. The very old (issued in the 1950’s and 1960’s) preferred shares from Connecticut Light an…