Below are some headlines from company’s with preferred stock or baby bonds outstanding.
Hersha Hospitality Trust to Report Third Quarter 2022 Earnings on October 26, 2022
SuRo Capital Corp. Announces Expiration and Final Results of Tender Offer
7th Merchant Corporation’s Scott Leckie sends letter to Atlas Corporation Special Committee arguing for a higher take private consideration
Athene Holding Ltd. Announces Any-and-All Tender Offers by Athene Global Funding
Great Elm Group Hires Experienced Operations Professional Nichole Milz as Chief Operating Officer
Texas Capital Bancshares, Inc. Announces Continued Execution of Its Strategic Transformation Through the Sale of Its Insurance Premium Finance Business
One thought on “Headlines of Interest”
$3.4 billion more cash in the kitty should make the Texas Capital preferred TCBIO a bit safer. Yielding ~6.4%. The common was up 2% today but there was no rush to buy the preferred, off ~3%. The preferred had a sugar high a month ago but it’s dropped back again.
The sold unit, Bank Direct, is in the premium finance business. I had to look that up. “Premium financing refers to the practice of taking out loans to pay insurance premiums.”