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Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Valley National Bancorp to Announce Third Quarter 2023 Earnings Two Harbors Investment Corp. Announces Third Quarter 2023 Common and Pr…

Equities are quiet–interest rates are quiet–it looks like another day like yesterday as investors sit back and wait for decisions to be made tomorrow at the FOMC meeting. Of course consensus is for no change in the Fed Funds rate – the CME FedWatch t…

PennyMac priced an offering of baby bonds with a coupon of 8.50%. The offering is a measly 2 million shares. There is a early redemption available to them in 2025 with full maturity in 2028. The issue will likely not trade for at least 3-4 days but sho…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. SL Green Realty Corp. Announces Common Stock and Preferred Stock Dividends Pyxis Tankers Announces Closing of Ultramax JV Investment…

Mortgage company PennyMac Mortgage Investment Trust (PMT) has announced the upcoming issuance of a $25/share baby bond with a maturity date in 2028. I don’ recall any residential mREIT selling a baby bond in the past–maybe there has been one but I don…

Last week the S&P500 moved in a range 4447 to 4512 about 1% before closing near the low of the week at 4450 which 7 points below the close the previous Friday. The 10 year treasury moved in a range of 4.22% to 4.34% before closing the week at 4.32%…

Ok–so the UAW has implemented targeted strikes today at 3 auto plants in the U.S.–honestly as expected. Are markets riled – no, of course not–equities are higher. Just like so many things the strike was expected by all–no one–I mean NO ONE thought…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock RLJ Lodging Trust Sets Dates for T…

Well yesterday we had the consumer price index (CPI) released and it came it slightly hotter than forecast–did that move interest rates higher? No they ended lower. Did it move equities in a wild manner? No equities were quite tame yesterday moving in…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Presidio Property Trust, Inc. Announces Establishment of a Special Committee of the Board and Exploration of Strategic Alternatives  AG…

The 10 year treasury barely moved yesterday–trading in about a 3 basis point range. Today may be a totally different day with the consumer price index being released in an hour. The headline number is forecast to go much higher year over year and core…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Definitely a slow news day again today. Retail Opportunity Investments Corp. Schedules Third Quarter Earnings Release and Conference Ca…