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Headlines of Interest for Holders of Preferred Stock and 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. Earnings season has essentially ended so news will be slower until we get into mid April when some earnings will start to appear.

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April 08, 2025 09:20 ET | Source: Presidio Property Trust, Inc. CLEAR® Verified

Presidio Property Trust Commences a Tender Offer to Repurchase up to 2,000,000 shares, plus all odd lots, of its Series A Common Stock

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April 08, 2025 09:00 ET | Source: NewtekOne, Inc.

NewtekOne, Inc. Announces Balance Sheet Metrics for 1Q25 and Reiterates EPS Guidance for 2025

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April 08, 2025 08:00 ET | Source: CNB Financial

CNB Financial Corporation Announces that ISS Recommends Shareholders Support the Proposal to Issue Common Stock in connection with the Merger with ESSA Bancorp, Inc., the Proposal to Approve the 2025 Omnibus Incentive Plan and the Say-on-Pay Proposal

Costamare Inc. Announces Details for the Upcoming Costamare Bulkers Holdings Limited Virtual Analyst and Investor Day

Brookfield Corporation to Host First Quarter 2025 Results Conference Call

Corebridge Financial Schedules Announcement of First Quarter 2025 Financial Results

KKR & Co. Inc. to Announce First Quarter 2025 Results

KKR Real Estate Finance Trust Inc. to Announce First Quarter 2025 Results

Bridgewater Bancshares, Inc. to Announce First Quarter 2025 Financial Results and Host Earnings Conference Call

Bridgewater Bancshares, Inc. to Announce First Quarter 2025 Financial Results and Host Earnings Conference Call

Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity

Sallie Mae to Release First-Quarter 2025 Financial Results

A Decent ‘Pause’ to the Beatings

Actually I wanted to let the market action sink in a bit before shooting my mouth off this morning. I suspect everyone is pretty leery of this sharp bounce in equity prices this morning–I know I am.

All my accounts are up very nicely and of course I am not selling–but not yet buying more. Sure lots of countries around the world are lining up to start negotiating on the tariffs–BUT the one that really counts is China and they are NOT caving to the administration. Already we have destroyed lots of consumer confidence which is highly likely to slow the economy and all the little countries of the world can line up for ‘deals’ but they are of little consequence. China is huge and need to be dealt with successfully to have the best of outcomes.

As for equities we know everyone is going to ‘buy the dip’. Every article I read on Seeking Alpha says to buy the dip—everyone wants to be a hero and proclaim “I called it”!! The ones calling the loudest for a dip buy are those that were touting all kinds of high priced shares last week–so now they want everyone to average down. Maybe they will be right and maybe they will be wrong–either way it is just a coin toss–no one knows.

I say be darned careful. Yes I want to capture some nice capital gains in the future, but my buys will be small and will be made up of many small purchases. Sometimes I wish I was braver–but for me better safe than sorry.


Higher Interest Rates Not Helping Today

A big spike in the 10 year treasury yield was not really on my mind before today. I was most concerned about a potential ‘black Monday’. Fortunately common shares traded in a pretty wide range today with tremendous volume and closed with only a very minor loss on the S&P500. Unfortunately folks all of a sudden quit worrying about a recession and sold off the bond market sending the 10 year treasury yield up to close at 4.15% – up 17 basis points.

Now as income investors we are in a bit of a bind–just a bit. My ‘plan’ was to see rates go down in the 3.75% area and stick in that area, which would shove preferreds and baby bonds up by maybe 5%. So much for my plan–oh well we simply have to wait and see what investors decide to do next. I don’t believe that the tariff situation is even close to over and honestly I have to believe that consumer confidence has been swatted lower by the last 3-4 days of trading–and chaos.

I mentioned I made a couple small purchases today, but I would be surprised if I do anything at all tomorrow. Accounts were red today, but the total damage wasn’t highly significant and I feel fairly fortunate to have gotten to this point with less than a 1% portfolio loss–BUT we have a long way to go with the tariffs and we have CPI and PPI released later in the week.

I hope folks are accomplishing their investing goals–for those looking for a nice income stream that means finding bargains in strong securities and averaging in. For those looking for some capital gains (like me) we will simply have to see if this economy is going to soften enough to send interest rates lower–not sure we are going to see much help from the Fed at this time.

Headlines of Interest to Holders of Preferred Stock and 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. Earnings season has essentially ended so news will be slower until we get into mid April when some earnings will start to appear.

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April 07, 2025 16:15 ET | Source: Abacus Global Management

Abacus Global Management Well-Positioned Amid Market Volatility

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April 07, 2025 16:15 ET | Source: Presidio Property Trust, Inc. CLEAR® Verified

Presidio Property Trust Announces Series D Preferred Stock Cash Dividend

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April 07, 2025 09:05 ET | Source: SuRo Capital Corp.

SuRo Capital Corp. First Quarter 2025 Preliminary Investment Portfolio Update

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April 07, 2025 06:45 ET | Source: Brookfield Asset Management Ltd

Brookfield Asset Management to Host First Quarter 2025 Results Conference Call

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April 07, 2025 06:30 ET | Source: FTAI Aviation Ltd.

FTAI Aviation Ltd. Announces Timing of First Quarter 2025 Earnings and Conference Call

Voya Financial schedules announcement of first-quarter 2025 results

Brighthouse Financial Announces Conference Call to Discuss First Quarter 2025 Results

Franklin Street Properties Corp. Declares Quarterly Dividend

Webster Financial Corporation Announces Q1 2025 Earnings Release and Conference Call

New Mountain Finance Corporation Schedules its First Quarter 2025 Earnings Release and Conference Call

Assurant to Announce First Quarter 2025 Financial Results

EPR Properties First Quarter 2025 Earnings Conference Call Scheduled for May 8, 2025

ICE Mortgage Monitor: Home Prices Cool Heading Into the Spring Home-Buying Season, Led by Condos

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2025 Financial Results and Conference Call

Banc of California Announces Schedule of First Quarter 2025 Earnings Release and Conference Call