Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest.
Definitely a slow news day again today.
Mortgage Rates Decrease from Last Week While Remaining Above Seven Percent
Safe Bulkers, Inc. Announces Results of 2023 Annual Meeting of Stockholders
Annaly Capital Management, Inc. Announces 3rd Quarter 2023 Common Stock Dividend of $0.65 per Share
Tsakos declared a regular and a special dividend, paid down bank debt, sold off old ships and leased up new ones, redeemed costly preferreds, benefited from higher tanker lease rates, increased cash reserves and increased EBITDA.
In the up and down shipping world, things are currently looking up for Tsakos, which should provide support for the high coupon preferreds. Of course, in shipping, everything can change overnight, so DYODD.