Some of the items I have seen on Reader Alert.
Telephone and Data Systems (TDS) has announced a call on their last outstanding baby bond. This is the TDA 5.875% baby bonds due 2061 (but redeemable since 12/2017. Press release is here.
NWGG posted that Aegon NV has called the AEB Floating Rate Capital shares which have been callable since 2010. These were floaters with a 4% minimum.
As noted by J the National Retail Properties NNN-F 5.20% perpetual will be called as the company has sold notes with the ‘use of proceeds’ announcing the upcoming call on this issue. The use of proceeds is here.
J and Dick Whitman posted on Ally Financial (ALLY) calling for the last of the 8.125% trust preferred to be redeemed. The effective date is 10/15/2021. The issue was trading up around $26.75 a couple days ago–not now–it is at $25.28. This one has been partially redeemed numerous times in the past so no surprise a full call comes.
With 4-5% issues being called it would look like we are going to be stuck playing in the junk patch–not what I want really, but you have to do what you have to do.
4 thoughts on “Call Action Remains Fast and Furious”
You really need a donation link so we can buy you lunch once in a while. I realize you might think it is tacky asking but you just place it there, don’t advertise it, and let us decide. I am quite sure you won’t be paying for lunch for a while.
J and Tim,
Thanks for the reminder/heads up on the NNN-F call.
I was hoping that they were going to let it roll on for a while…bummer
As of today I sold out of it after years of divvy’s and a nice profit on the share value.
Where’s Vin Diesel? Fast and Furious IX: Call Action
Martin–he is driving–faster than I can keep track of.