Below are press releases from company’s that have outstanding preferred stock and baby bonds outstanding–or just other news of general interest.
Harbor Custom Development, Inc. Announces Executive Team Transition
GasLog Partners LP Declares Distributions on Series A, B and C Preference Units
Brookfield Corporation Reports Strong First Quarter Results
Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2023
Eagle Point Income Company Inc. Announces Third Quarter 2023 Common and Preferred Distributions
Harrow Announces First Quarter 2023 Financial Results
Popular, Inc. Declares a Cash Dividend of $0.55 per Common Share
Western Alliance Bancorporation Issues Deposit Update
CorEnergy Announces First Quarter 2023 Results
Tim:
I thought you would find today’s Wells Fargo press release interesting:
https://newsroom.wf.com/English/news-releases/news-release-details/2023/Wells-Fargo-Announces-Transition-Information-for-Outstanding-U.S.-Dollar-LIBOR-Linked-Instruments/default.aspx
It clearly outlines the methodology for adjusting the floating rate securities. This has caused the Series Q to pop today.
Citigroup issued a press release yesterday…..although that one is much harder to understand.
William–was just reading the document–it is what I expected as the 3 month SOFR rate is right way to go. I will post it for everyone. Thanks
Harrow health losses seem to be increasing unless I am reading it wrong. They put a positive spin on it with the increase of products being brought to market. Remains to be seen if they can grow the profit.
the report, to me, sure makes the BB look attractive on downticks. With that revenue growth I find it hard to imagine these would hit a BK and default. Im in for some more. LaJune got me aware of these awhile back. Working well, will add.