Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest.
Freddie Mac Issues Monthly Volume Summary for February 2024
Enstar Subsidiary Assigned ‘A’ Financial Strength Rating by S&P Global
ARMOUR Residential REIT, Inc. Announces Guidance for April 2024 Dividend Rate Per Common Share
UMH PROPERTIES, INC. WILL HOST FIRST QUARTER 2024 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL
Ellington Financial Inc. Completes Proprietary Reverse Mortgage Loan Securitization
AXIS Capital Announces Publication of the Company’s 2023 Loss Development Triangles
PartnerRe Ltd. Reports Full Year 2023 Results
Terreno Realty Corporation Announces Offering of 5,000,000 Shares of Common Stock
Terreno Realty Corporation Acquires Property in Brooklyn, NY for $12.0 Million
I added a couple of institutional issues today. Both were issued within the last month.
1) Nextera 5 year reset, 6.7% coupon, 2.364% + 5 yr treasury on reset dates
https://www.sec.gov/Archives/edgar/data/753308/000119312524048362/d793825dfwp.htm
https://www.sec.gov/Archives/edgar/data/753308/000119312524050551/d793825d424b2.htm
2) Sempra 5 year reset, 6.875% coupon, 2.789% + 5 yr treasury on reset dates
https://www.sec.gov/Archives/edgar/data/1032208/000119312524064997/d761690dfwp.htm
https://www.sec.gov/Archives/edgar/data/1032208/000119312524065846/d804495d424b2.htm
Prudential also had a new 5 year reset issued recently (744320BP6). 6.5% initial coupon and 2.404% + 5 yr treasury on reset dates.
https://www.sec.gov/Archives/edgar/data/1137774/000119312524060872/d771911dfwp.htm
https://www.sec.gov/Archives/edgar/data/1137774/000119312524062198/d728361d424b2.htm
JPM issued a 5 year reset preferred stock as well (48128BAQ4). 6.875% initial coupon and 2.737% + 5 yr treasury on reset dates.
https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/US48128BAQ41-Prospectus.pdf
Dick—where do you precisely go on edgar to find new corporate/agency issues? I can’t seem to figure it out. Thanks.
I added to the NEE bond today (CUSIP: 65339KCW8). Schwab gave me a price of $100.60