Category: Headlines of Interest

Below are some press releases from company’s with preferred stock or baby bonds outstanding – as well as general news of interest.

Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock

Fulton Financial Corporation Announces Quarterly Dividends and $100 Million Stock Repurchase Program

American Equity Rejects Unsolicited Acquisition Proposal from Prosperity Group Holdings LP and Elliott Investment Management L.P.

First Internet Bancorp Authorizes Stock Repurchase Program

Pebblebrook Hotel Trust Provides Operating Update and Revises its Q4 2022 and Full Year 2022 Outlook

SITE Centers Announces New $100 Million Common Stock Repurchase Plan

Chatham Lodging Trust Increases Credit Facility with RBC Commitment

AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2022 Common Dividend of $0.18 per Share

DIAMONDROCK HOSPITALITY ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2022 Common and Preferred Stock Dividends

Greenidge Generation Executes Term Sheet with Secured Lender NYDIG Regarding Debt Renegotiations; Provides Liquidity Update

Below are some press releases from company’s which have preferred stock or baby bonds outstanding–also of just general interest.

GasLog Partners LP Announces that Unitholders Remain Unaffected by U.S. Internal Revenue Service Regulations Effective January 1, 2023

OceanFirst Financial Corp. Schedules Earnings Conference Call

Franchise Group, Inc. Announces Approval of Quarterly Preferred Dividend

Two Harbors Investment Corp. Announces Fourth Quarter 2022 Common and Preferred Stock Dividends

Northern Trust 2023 Outlook: Markets and Economy Pivot from Inflation and Monetary Policy Fears to a Weak Global Economy

Franklin BSP Realty Trust, Inc. Announces Fourth Quarter 2022 Common Stock Dividend of $0.355 Per Share and Series E Cumulative Redeemable Preferred Stock Dividend of $0.46875 Per Share

iStar Announces Filing of Form 10 Registration Statement for Planned Spin-Off of Star Holdings

Below are some press releases from company’s that have preferred stock or baby bonds outstanding–or general news of interest.

Mortgage Rates Continue their Downward Trajectory

Urstadt Biddle Properties Inc. Announces Quarterly Dividends on Class A Common and Common Shares

Urstadt Biddle Properties Inc. Reports Fourth Quarter and Fiscal 2022 Operating Results and Announcement of an Increase to the Common Stock and Class A Common Stock Dividends

Rithm Capital Corp. Declares Fourth Quarter 2022 Common and Preferred Dividends and Renews Stock Repurchase Program

EPR Properties Declares Monthly Dividend for Common

AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries

AT&T Declares Dividends on Common and Preferred Shares

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF NEW JERSEY MANUFACTURED HOME COMMUNITY

Arbor Realty Trust, Inc. Completes $315 Million Freddie Mac Q Series Securitization

Hersha Hospitality Trust Announces Special Dividend and Continuation of Quarterly Cash Dividend

Below are some press releases from company’s with preferred stock and baby bonds outstanding.

Sachem Capital Corp. Announces Dividend of $0.13 Per Share

Brookfield Renewable Announces Renewal of Normal Course Issuer Bids

Scorpio Tankers Inc. Announces Update on Q4 2022 Events, Including Q4 2022 Daily TCE Revenues

The Hartford Declares Quarterly Dividend Of $375 Per Share Of Series G Preferred Stock

Lincoln Financial Group to Report Fourth Quarter Earnings

Applied UV Closes Deal to Provide Furnishings to Three Major U.S. Hotels and Condos

Harrow Announces Proposed Offering of $100 Million of Senior Notes Due 2027 and “BB” Rating from Egan-Jones

MFA Financial, Inc. Announces Dividend of $0.35 per Share

B. RILEY FINANCIAL ISSUES OPEN LETTER TO CORE SCIENTIFIC INVESTORS

Seems like every week we have 1-2 items of key importance – employment, inflation and interest rates. Markets live from news item to news item. Maybe in a year we will get back to fundamental investments stocks and bonds – what a silly thought. Right now with my personal lack of buys and sells it almost feels ‘normal’, although one is always looking over their shoulder to see what is about to bite them in the butt.

Yesterday was a kind of crazy day with the S&P500 trading in a giant sized range of about 3% points–before closing just 29 points above Monday (less than a 1% gain). Interest rates plunged on the softer (slightly) CPI news–but gave back some of the lower rates by the end of the day, but yet closed at 3.50%–where it remains this morning.

Today there will be no surprises as the Fed Funds rate will be raised by 50 basis points–as almost always the markets will be glued to Chair Powell’s news conference–hopefully he will be balanced – ‘inflation is trending down, but we must remain vigilant and data dependent’ etc.

I posted last night that golf company Drive Shack (DS) is delisting their securities (1 common share issue and 3 preferred issues). This company has been ‘on the ropes’ for a long time–years and years and there is ‘history’ so really this one is no surprise, but just the same if you are a preferred holder you are likely to take a further licking.

So with the futures signaling a quiet day let’s get this thing rolling!!