Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest.
UMH PROPERTIES, INC. PUBLISHES ITS 2022 ANNUAL REPORT
Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2022
Costamare Inc. Announces Investment in Neptune Maritime Leasing Limited
AM Best Affirms Credit Ratings of Arch Capital Group Ltd. and Its Subsidiaries
Fifth Third Bancorp Announces Cash Dividends
UDR Declares Quarterly Dividend
Granite Point Mortgage Trust Inc. Announces First Quarter 2023 Common and Preferred Stock Dividends
OFS Credit Company Provides February 2023 Net Asset Value Update
The 2022 numbers for B. Riley are very ugly.
Lincoln 9’s asking only 24.95…. Jackson 8’s at 21.5
I picked up a full position of LNC/D just under that.
I could not resist.
The common has a big yield to cut if needed to protect the preferred issue (fingers crossed).
I was building cash to grab low coupon IG issues to hold in sock drawer for as long as possible but then this came a long.
I have a good slug of ALL/I and PRH. This LNC/D purchase does not really help diversify but opportunity knocks at least for me.
Time to reset and start over.
Bell well and stay safe.
I picked up Jackson’s @ 20.9. Eyes wide shut.
Ugly day for Skylight Health 9.25% preferred SLHGF which suspended the dividend. Closed today @ 2.26, down -67% from yesterday’s close of 7.00
From the press release:
Skylight Health Group Inc. (TSXV:SLHG; OTCQX:SLHGF) (“Skylight Health” or the “Company”); a healthcare platform combining technology, and analytics focused on transitioning patients into value-based care to drive better health outcomes and experiences in the United States, today announced that its Board of Directors has suspended the payment of dividends on the Company’s 9.25% Series A Cumulative Redeemable Perpetual Preferred Shares (the “Series A Preferred Shares”) until further notice. The Series A Preferred Shares trade under the “SLHGP” stock ticker symbol.
The Company has decided to cancel the monthly dividend scheduled for payment on March 20, 2023, as previously announced on February 9, 2023. The Company believes cancelling the dividend is in the best interests of the Company and its stakeholders as a capital preservations strategy while maintaining flexibility during a critical phase as the global capital markets have significantly pulled back in recent months.
wowsa – glad I’m not in that one…