Headlines of Interest | Innovative Income Investor

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.

Priority Income Fund Announces Declaration of Preferred Stock Distributions for March 2025

Oxford Lane Capital Corp. Provides February Net Asset Value Update

CareCloud Requests Delisting of Series A Preferred Stock after Mandatory Conversion

Athene Sets Record for Annual Annuity Sales for Second Year Running, Tops Rankings

Synchronoss Technologies Reports Fourth Quarter and Full Year 2024 Results

SuRo Capital Corp. Reports Fourth Quarter and Fiscal Year 2024 Financial Results

Pyxis Tankers Announces Date for the Release of the Fourth Quarter & Year Ended 2024 Results

TPG RE Finance Trust, Inc. Declares Cash Dividend on Series C Cumulative Redeemable Preferred Stock

Hudson Pacific Properties Declares First Quarter 2025 Preferred Stock Dividend

Office Properties Income Trust Announces Final Results of Private Exchange Offers Relating to Existing Unsecured Senior Notes

Headlines of Interest for Holders of Preferred Stock and Baby Bonds

Safe Bulkers Announces Filing of 2024 Annual Report on Form 20-F

Armada Hoffler Completes Impactful Lease With F1® Arcade at The Interlock

Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2024 Financial Results

Priority Income Fund Announces Redemption of its 6.000% Series H Term Preferred Stock Due 2026

Enstar Group Limited Announces Any And All Cash Tender Offer For Junior Subordinated Notes Due 2040

Rithm Property Trust Announces Approval of Listing of 9.875% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Hercules Capital Closes Offering of $287.5 Million of Convertible Unsecured Notes

Essential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.295 per Share for the First Quarter of 2025

Triton International Announces Agreement to Acquire Global Container International

LifeMD Reports Fourth Quarter 2024 Resultsarter 2024 Results

Weekly Kickoff

Well we are certainly in a pull back stage in equity prices with the S&P500 moving lower last week by just over 3% from the close the previous Friday. Inflation news and geopolitical events are destined to move markets in the days and weeks ahead. This week we will have more inflation news coming up this week.

The 10 year Treasury closed last week near 4.32%–near the high of the week which was 4.34% which was very substantially higher than the low of 4.11%. Obviously this is not helpful to us income investors as we saw in prices–which fell.

This week we have no real scheduled economic news on Monday. Then we have the job openings and labor turnover (JOLTs) report that MAY (not always) have market moving potential. Job openings have been trending lower and we likely will see this trend continue–this could spook markets if investors strongly read recession into the numbers. On Wednesday we have the consumer price index (CPI) and then Thursday we have producer prices (PPI). We know these can be market movers–big time!! On Friday we will see how consumers are feeling–optimistic or are they losing hope in their future–consumer sentiment will give us a hint.

The Federal reserve balance sheet moved lower by $10 billion–the runoff continues for now. While the Fed hasn’t moved interest rates lower we could see an interim step of reducing the pace of runoff if they (the Fed) start getting nervous about a slowing economy and/or if rates tic higher.

With interest rates moving substantially higher last week we saw the average $25/share preferred and baby bond move lower by 19 cents. Investment grade issues were 26 cents lower, banking issues off by 27 cents while mREIT preferreds were lower by just 11 cents and shippers moved up by 5 cents.

Headline 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 earnings will start to be released for those on a 3/31/2025 quarter end.

Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares

Fidus Investment Corporation Announces Fourth Quarter and Full Year 2024 Financial Results

Freddie Mac Prices Approximately $759 Million Securitization of Re-Performing Loans

Mortgage Rates Continue to Fall

CareCloud Announces Conversion of Series A Preferred Stock

Dynagas LNG Partners LP Reports Results for the Three and Twelve Months Ended December 31, 2024

Sachem Capital Corp. Announces Dividend of $0.05 Per Share

Virtus Convertible & Income Fund and Virtus Convertible & Income Fund II Announce Monthly Distributions

Liberty Broadband Corporation Declares Quarterly Cash Dividend on Series A Cumulative Redeemable Preferred Stock

Cherry Hill Mortgage Investment Corporation Announces Fourth Quarter and Full Year 2024 Results

MFA Financial, Inc. Announces Dividend Increase to $0.36 per Share

PennyMac Mortgage Investment Trust Declares First Quarter 2025 Dividend for Its Common Shares

Newrez Earns Fannie Mae’s Prestigious Servicer Total Achievement and Rewards™ (STAR™) Performer Recognition for 2024

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 earnings will start to be released for those on a 3/31/2025 quarter end.