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
![View Press Release](https://mms.businesswire.com/media/20240325783490/en/568509/21/EFC_Logo.jpg)
Ellington Financial Inc. Completes Proprietary Reverse Mortgage Loan Securitization
![View Press Release](https://mms.businesswire.com/media/20240325267720/en/722595/21/AXIS_logo_ellipse.jpg)
AXIS Capital Announces Publication of the Company’s 2023 Loss Development Triangles
![View Press Release](https://mms.businesswire.com/media/20240325363344/en/789480/21/Partner_Re_logo.jpg)
PartnerRe Ltd. Reports Full Year 2023 Results
![View Press Release](https://mms.businesswire.com/media/20240325954813/en/841388/21/Terreno_Logo_V_2C_PMS_F_whitefilled.jpg)
Terreno Realty Corporation Announces Offering of 5,000,000 Shares of Common Stock
![View Press Release](https://mms.businesswire.com/media/20240315277504/en/841388/21/Terreno_Logo_V_2C_PMS_F_whitefilled.jpg)
Terreno Realty Corporation Acquires Property in Brooklyn, NY for $12.0 Million
![View Press Release](https://mms.businesswire.com/media/20240325651594/en/828829/21/AM_Best_Logo.jpg)
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