Below are press releases from companys that have preferred stock and baby bonds outstanding–or just news of a general interest.
Gabelli Utilities Fund Reaffirms $0.88 Distribution Policy and Announces Conversion of C1 Class
Mortgage Rates Increase for the Fourth Consecutive Week
Safe Bulkers Announces Filing of 2023 Annual Report on Form 20-F
Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2023 Financial Results
Golar LNG Limited preliminary fourth quarter and financial year 2023 results
MFA Financial, Inc. Announces New Stock Repurchase and ATM Programs
Green Brick Partners, Inc. Reports Fourth Quarter and Full Year 2023 Results
Global Partners LP Files 2023 Annual Report on Form 10-K
New Fortress Energy Announces Record Fourth Quarter and Full Year 2023 Results
New Fortress Energy Places Barcarena LNG Terminal in Pará, Brazil into Operation
Golar pfds in hamburger meal price range. Bought some more in the $13’s a while back. It kept going down. Maybe I’ll buy more at $10 or less.
Meanwhile NFE’s doin’ alright.
Is Golar the Rodney Dangerfield of preferreds…
What say you?
At its current price, the yield on Golar preferred stock, series A (GMLPP) appears to be over 21%.
@nimzo
golar
Yup, Fido says 21.05%.
It’s like bad credit card interest rate territory.
The company’s Q4 earnings announcement says that it has been buying back common shares. It should be buying shares of its preferred stock in the open market. By the way, the symbol appears to be GMLPF, not GMLPP.
The “Golar preferred” is no longer associated with GLNG and instead is a preferred instrument of a non-guaranteed subsidiary of NFE.
Seeking Alpha has a long long comment section on the nuances and high risk nature of this GLMP Preferred as it currently exists.
I am a holder….and a concerned one at that.
For holders of CIM-A/B/C/D, Chimera Investment Corporation filed its annual report with the SEC. https://www.chimerareit.com/sec-filings/all-sec-filings/content/0001628280-24-007962/0001628280-24-007962.pdf