Home

After pondering all last week I decided to unload all of my shares (703 shares) of the RiverNorth Capital and Income Fund term preferreds shares (RMPL-P). This is a 5.875% issue which has a mandatory redemption on 10/31/2024. My sale price was $24.98….

Last week was another difficult week–in particular in the interest sensitive issues such as preferred stocks and bonds of all sorts. The S&P500 fell by almost 3% last week – trading in a range of 4223 to 4394 closing right near the low of 4224 – 1…

Asset manager Stonepeak is buying shipping container leasing company Textainer (TGH) for $7.4 billion. TGH has 2 outstanding preferred issues which can be seen here. The press releases indicates the preferreds will be redeemed–although Stonepeak purch…

In the ‘headlines of interest’ I post most evenings I am adding in smaller bank earnings – even those without preferred stock outstanding. The idea in doing this is to keep those smaller banks front and center. I don’t read all of what I post, but I do…

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. Glacier Bancorp, Inc. Announces Results for the Quarter and…

Very early this morning – 6 a.m. the 10 year treasury was knocking on the door of 5% trading in the 4.98% area, before backing off and now trading at 4.94% up around 4-5 basis points on the day. I suspect it could take a few days before 5% is breached-…

Closed end fund (CEF) Carlyle Credit Income Fund (CCIF) has priced their new issue of term preferred stock. The pricing is 8.75%–a tasty coupon, for 1.2 million shares with another 180,000 for over allotments. The issue has a mandatory redemption on 1…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. This was updated at 5:25 pm (central) Logan Ridge Finance Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call…

We have lots of forecasters (guessers) that are forecasting Fed Funds rate hikes, pauses or cuts—of course not a one of them has a track record to prove they have a clue as to what is really going to happen. But today we can see with our own eyes tha…

A joint venture fund tied to Pimco has walked away from a portfolio of 20 hotels with debt of $240 million. Unfortunately this is the world we live in when some debt which is shorter term and needs to be refinanced in this environment. Who is holding t…

Closed End Fund Carlyle Credit Income Fund (CCIF) is offering an issue of $25/share preferred shares with a redemption in 2028. The shares will offer monthly dividends. The shares will are rated BBB- by Egan Jones–so not a highly rated offering. The p…

With the potential for expanding war in the middle east we are seeing spiking crude oil prices once again. This morning we are seeing west Texas crude trading near $90/barrel—we just had prices backing off from the $95 area we gas us all some relief…