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Headlines of Interest

Below are press releases from companys with preferred stock and/or baby bonds outstanding–of just of general interest. With earnings season over news is more minimal.


NewtekOne Closed its 12th S&P-Rated Loan Securitization of $103.9 Million of SBA 7(a) Unguaranteed Loan-Backed Notes Series 2023-1


SL Green Realty Corp. to Release Second Quarter 2023 Financial Results After Market Close on July 19, 2023

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Schwab Reports Monthly Activity Highlights


Brookfield Announces Redemption of $550 Million Principal Amount of 4.000% Notes due April 1, 2024

Brookfield Infrastructure Corporation Announces Results of Annual Meeting of Shareholders


AMMO, Inc. Reports Fourth Quarter and Fiscal Year 2023 Financial Results


Capital Southwest Corporation Closes Public Offering of 7.75% Notes due 2028

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State Street Corporation Announces Date for Release of Second-Quarter 2023 Financial Results and Conference Call Webcast

W. R. Berkley Corporation Increases Dividend 10% and Increases Share Repurchase Authorization

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Orchid Island Capital Announces June 2023 Monthly Dividend and May 31, 2023 RMBS Portfolio Characteristics

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TPG RE Finance Trust, Inc. Declares Cash Dividend on Common Stock

4 thoughts on “Headlines of Interest”

  1. So what does it mean if Brookfield is redeeming what looks like 2/3 of their outstanding issue on a pro rata basis? I have 2 of these bonds. Do they take 2/3 of their value, or randomly pick 2/3 of their notes to redeem?

    1. If you go dig around on their IR site or SEC filings it probably says exactly how they do it. I am too lazy to do that for a security I don’t own – but it is almost always a lottery to pick X% of the notes. So, if you own two, you might have zero, one, or two notes called.

      If they were to try to call in X% of the value of each note, they would have to revise way too many documents,etc. Not practical.

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