For some investors it may be a reasonable idea to buy the Ready Capital 6.50% Senior Notes (RCP) due 2021. My idea is based upon the nice coupon and short maturity in April, 2021.
I mention this (and own it) because it is trading at $25.04-$25.06 and has 2 interest payments until maturity (January and April) for about 41 cents each.
Ready Capital (RC) actually has a 7% convertible note due in 2023 trading around $23.79 which has a better yield, but obviously is 2 1/2 years further out in maturity so has more risk built in.
Assuming financial markets don’t totally implode this seems like a good short term yielder.
Investors should do their due diligence to see if this might be right for you.