Headlines of Interest

Below are some headlines from company’s with preferred stock or baby bonds outstanding.

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Hersha Hospitality Trust to Report Third Quarter 2022 Earnings on October 26, 2022

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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

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Athene Holding Ltd. Announces Any-and-All Tender Offers by Athene Global Funding

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Great Elm Group Hires Experienced Operations Professional Nichole Milz as Chief Operating Officer

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Texas Capital Bancshares, Inc. Announces Continued Execution of Its Strategic Transformation Through the Sale of Its Insurance Premium Finance Business

Investcorp Credit Management BDC, Inc. Announces Financial Results for the Quarter Ended June 30, 2022, and Quarterly Distribution

One thought on “Headlines of Interest”

  1. $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.”

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