Innovative Income Investor | Innovative Income Investor

Headlines of Interest for Holders of Preferred Stock or Baby Bonds

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.

The 30-Year Fixed-Rate Mortgage Continues to Decrease

Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment

Brunswick Corporation Declares Quarterly Dividend

DTE Energy reports 2024 accomplishments, investments and earnings

CareCloud Transfers Funds for Preferred Stock Dividends

Brookfield Corporation Reports Record 2024 Results

Granite Point Mortgage Trust Inc. Reports Q4 and Full Year 2024 Financial Results and Post Quarter-End Update

Office Properties Income Trust Announces Fourth Quarter 2024 Results

Equitable Holdings Declares Common and Preferred Stock Dividends

Redwood Trust Reports Fourth Quarter 2024 Financial Results

National Storage Affiliates Trust Announces Quarterly Dividends

Hercules Capital Reports Fourth Quarter and Full-Year 2024 Financial Results

Compass Diversified Announces Fourth Quarter and Full Year 2024 Earnings and Conference Call Information

Best’s Market Segment Report: U.S. Surety Insurance Market Sustains Strong Underwriting Profits, as Premium Growth Remains Robust

Bancroft Fund Ltd. Declares Distribution of $0.32 Per Share

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share

Ellsworth Growth and Income Fund Ltd. Declares Distribution of $0.13 Per Share

Gabelli Convertible and Income Securities Fund Declares Distribution of $0.12 Per Share

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share

Gabelli Global Small and Mid Cap Value Trust Declares First Quarter Distribution of $0.16 Per Share

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.14 Per Share

GAMCO Natural Resources, Gold & Income Trust Declares Monthly Distributions of $0.04 per Share

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 per Share

Gabelli Healthcare & WellnessRx Trust Declares First Quarter Distribution of $0.15 Per Share

Gabelli Equity Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.15 Per Share

The GDL Fund Declares First Quarter Distribution of $0.12 Per Share

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

Interest Rates Tumble after Warm PPI

Interest rates are tumbling this morning by 10 basis points in spite of a producer price index (PPI) that came in warmer than expected. I don’t personally see the reason for the tumble–but lower is always better for us income investors.

Not planning to do anything today–I have been out of office this morning for a few hours AND very early this morning I had messed up the website while trying to do some work I should leave to the technical people–I now turned it over to them to complete. Also I have to be out of the office this afternoon so am not going to willy nilly buy/sell.

Right now we don’t have any of the most important pieces of economic news (CPI, PPI, GDP or PCE) for a couple weeks so maybe we will have some relative calm in the markets (famous last words) and I can figure out what to do next.

Website issue with output–it’s being worked on — FIXED

Headlines of Interest for Holders of Preferred Stock or Baby Bonds

Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.

Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2024 and the Declaration of a Dividend

Global Ship Lease Declares Quarterly Dividend per Common Share for Fourth Quarter of 2024

ARMOUR Residential REIT, Inc. Announces Q4 Results and December 31, 2024 Financial Position

Arbor Realty Trust Schedules Fourth Quarter 2024 Earnings Conference Call

The Charles Schwab Corporation Completes Secondary Offering of Common Stock

Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Eagle Point Institutional Income Fund Announces Second Quarter 2025 Preferred Share Distributions

Annaly Capital Management, Inc. Announces Preferred Dividends

Eagle Point Credit Company Inc. Announces Second Quarter 2025 Common and Preferred Distributions

General American Investors Company Common/Preferred Stock – Dividend/Distribution

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividends for Its Preferred Shares and Announces 2024 Dividend Tax Information

Dynex Capital, Inc. Declares Monthly Common Stock Dividend of $.15

Diana Shipping Inc. Announces the Sale of a Post-Panamax Dry Bulk Vessel, the m/v Alcmene, and the Direct Continuation of Time Charter Contract for m/v San Francisco With SwissMarine

SFL – Fourth Quarter 2024 Results Presentation

Brookfield Asset Management Announces Record 2024 Results and 15% Dividend Increase

Sotherly Hotels Inc. Schedules Fourth Quarter 2024 Earnings Release and Conference Call

Could Have Been MUCH Worse

Preferreds, including perpetuals, are down a little this morning–but we are talking nickels and dimes. With the 10 year treasury still up 9 basis points at 4.62% it could have been much worse–part of the damage has been mitigated by the S&P500 finding its low earlier at down 1%, but has now climbed its way back up to down just of by 1/4%.

Honestly this drop hasn’t brought any bargains at all.

I didn’t listen to Jay Powell either yesterday or today–didn’t even see any ‘clips’ of the testimony–I pretty much knew what he would say as did all of you– so I can do without the drama. Right now the FOMC is looking pretty smart with their call to pause rate cuts–but maybe they weren’t so good when they cut rates earlier–caving to politics I think.

We’ll see how this day ends–maybe a plunge—maybe not.