Below are some press releases from companies with preferred stock and/or baby bonds outstanding.
Athene Prices $600 Million Investment Grade Notes Offering
CubeSmart Announces 4.1% Increase in Quarterly Common Dividend
Dynagas LNG Partners LP Reports Results For the Three and Nine Months Ended September 30, 2023
Oxford Lane Capital Corp. Provides November Net Asset Value Update
Ellington Residential Declares Monthly Common Dividend
U-Haul Holding Company Announces Increase to Quarterly Cash Dividend
AXIS Capital Declares Quarterly Dividends
Redwood Trust Declares Fourth Quarter 2023 Common and Preferred Dividends
Global Indemnity Group, LLC Announces Quarterly Distribution
Atlantic Union Bank Comments on Settlement with the Consumer Financial Protection Bureau
This one is surprising.
8 bucks a share of return of capital.
This one is going to surprise some people because their shares are on loan because the number of shares short is in the stratosphere.
https://investor.mbia.com/investor-relations/press-releases/press-release-details/2023/MBIA-Inc.-Declares-Extraordinary-Cash-Dividend-on-MBIA-Inc.-Common-Stock-and-Dividends-from-National-Public-Finance-Guarantee-Corporation/default.aspx
So is it rational to see MBI trading no higher than 12.35 after hours? I guess it’s too late to try to jump on it now but it seems like a bargain, doesn’t it?
You can still get it around that price this morning. I would have expect it to gust up to $15 quicker than this.
2WR in at 12.20 considering New York department of financial services approved them doing it. This is a payment from a subsidiary they own. Bet this surprised the shorts.
Justin thank you for sharing.
I bought a little late @ $12.80. It was a tough read about the financials, litigation, and ratings. Maybe others can tune in.
Shockingly, I got a bunch at $11.88, and two more tranches at $12.20.
Made several thousand on the day, including more on some calls that are well up now.
I couldn’t believe how slowly this moved up this morning. There was plenty of time to get in. It makes me worry there is some catch that I am missing.