Below are press releases from companys that have preferred stock and/or baby bonds outstanding–or just news of a general interest.
NewtekOne, Inc. Announces Record Loan Closings for the Fourth Quarter and Full Year 2023
Alta Equipment Group Announces Preferred Stock Dividend
XAI Octagon Floating Rate & Alternative Income Term Trust Announces Portfolio Management Change
Global Partners LP Announces Pricing of Private Offering of Senior Notes
U.S. Bancorp Announces Fourth Quarter Earnings Conference Call Details
Harrow Partners with Leading Healthcare Market Access Technology Platforms
First Internet Bancorp to Announce Fourth Quarter 2023 Financial Results on Wednesday, January 24
Does anyone have any thought(s) on investing in closed-end fund XAI common shares (XAI Octagon FR & Alt inc. fund)? I know Tim likes the fund’s cl A pfd shares. The fund seems to have consistently excellent short- and long-term total returns, and extraordinarily high dividend payments, but also very high leverage, and astronomical investment advisory fees and expenses. (Plus, if the pfd shares are good value, those paying them–CE fund shareholders– may be paying too much.) Another concern is the inherently limited disclosure of private placement fund holdings, always a difficult feature to evaluate. The fund’s at a premium right now, but if it goes to a discount, would it be a worthwhile value?