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Well here we go – a potential debt ceiling deal is hand—but it is just a potential right now – maybe a few more days of drama as extreme folks on both sides of the aisle need to weigh in on the deal. Last week we had the S&P500 move a tiny bit hi…

Below are some fairly recent bank presentations from some of the regional and community banks which have preferreds outstanding which have been crushed in the panic sell off. I have small positions in the Bridgewater issue which has a current yield of…

Finally the website is back up and fully functional. We have never, ever had an outage like this – my apologies for any issues folks may have had accessing any portion of the site. The site needed security updates and those occurred this week – they ma…

As you might have noticed there is nothing posting to the home page of the website. Since Tuesday afternoon I am able to post items and folks that are on the various feeds get the notification of publication and can find the article page–but this repr…

Business development company Gladstone Investment Corporation (GAIN) has priced their new baby bond. 2.6 million shares (bonds) price at a coupon of 8%–there is an over allotment available of 390,000. 1st optional call date is 8/1/2025–with maturity…

It appears that equity markets are beginning to worry more about the debt ceiling – at least yesterday they sold off and today is showing softness in the futures markets. Honestly equity markets seem to be very over values based on historical price/ear…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–of just of general interest. With earnings season over news is more minimal. AM Best Comments on Credit Ratings of RenaissanceRe Holdings Ltd. and Its Main Subsid…

Business development company Gladstone Investment (GAIN) is selling a new issue of notes with a maturity on 8/1/2028 The notes will have a early redemption option for the company starting 8/1/2025. GAIN has 2 other baby bond issues currently outstandin…

We all know that years ago the Cenex Harvest States (no ticker as it is a cooperative) CHSCP 8% cumulative perpetual preferred was issued with bunches of the farmers (owners) being issued shares, but now – 20 years after issuance (in 2003) the dynamics…

Looking at the equity futures this morning it looks like we are in for more ‘paint drying’ trading–and honestly if that continues I am fine with that.  Unfortunately it won’t continue – it will break hard in the next 10 days if the debt ceiling st…

Below are press releases from companys with preferred stock and/or baby bonds outstanding–of just of general interest. With earnings season over news is more minimal. Diana Shipping Inc. Announces Time Charter Contract for m/v Selina With Cargill Sara…

Things are quiet–really quiet. The S&P500 is moving in about a 3/4% range, but at this moment is up just .07%—there is no doubt about it that the debt ceiling is holding the market hostage to any major moves. I’m just going to wait to see what h…