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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.

Interest Rates Shoot Higher on Hot CPI

This will be a wild ride today as the consumer price index comes in very hot with almost all numbers above forecast. The 10 year is at 4.63% right now which is 9-10 basis points higher than yesterday. Equities are off around 1%.

Perpetuals are going to get spanked today–for those only looking for a solid income stream it might be a good shopping day–for others like me it is definitely a ‘watching’ day, although even short duration issues could offer a somewhat better price than yesterday.

We have Powell testifying again today in 90 minutes–so there will be a immediate response to the CPI. All in all the day could be a bit crazy.

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.