While I haven’t done a darned thing, but watch today, I made a couple modest purchases late last week.
I initiated a position in the Saratoga Investment (SAR) 8.125% baby bonds (SAY) at a price of $25.20. Honestly I could have bought pretty much any of the Saratoga issues as they are all pretty equal–I already have a position in the 8.50% SAZ issue.
Additionally I added to my position in the Raymond James Financial 6.375% fixed to floating preferred (RJF-B) @ $25.30. I paid a bit of a premium, but most is accrued dividends. This issue is likely to be called 7/1/2026 so there is over a year before that possible occurrence.
This continues my quest to safely raise my portfolio income. Of course we all have our own definitions of ‘safe’, but these fit my definition–minimal volatility and at least 2% above the prevailing CD or money market rate.
I have been rebuilding a position in CTA-B at $69 and under. Solid BBB issue, perpetual so I am “betting” somewhat on interest rates but I am comfortable with it after holding it on and off for years.
Have done the same…it’s my largest position with an avg price of 69.08.
Thanks, bull.
Ticker TWOD. Started trading last Friday.
https://www.nyse.com/quote/XNYS:TWOD
saw this on another investment site:
TWO (Two Harbors Investment Corp, NYSE: TWO) (the “Company”), an MSR-focused REIT, today announced the pricing of an underwritten public offering of $100 million aggregate principal amount of its 9.375% senior notes due 2030 (the “Notes”).
the announcement was on 5/6/2025.
hope more info can be revealed