Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest.
Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results
LifeMD Declares Quarterly Dividend on Series A Cumulative Perpetual Preferred Stock
Healthcare Trust Announces Preferred Stock Dividends
Eagle Point Income Company Inc. Announces Offering of Preferred Stock
Hancock Whitney Corporation to announce first quarter 2024 financial results and hos
W. R. Berkley Corporation to Announce First Quarter 2024 Earnings on April 23, 2024
Wells Fargo Announces 2025 Earnings Release Date Information
Pebblebrook Hotel Trust Provides Operating Update
AG Mortgage Investment Trust (NYSE: MITT) has filed $1,000,000,000 mixed shelf of:
Common Stock
Preferred Stock
Debt Securities
Warrants
Units
Subscription Rights
What does that mean? I have MITT preferreds and don’t know yet what to do with this vague report.
SEC Filing:
https://seekingalpha.com/filing/8474742?hasComeFromMpArticle=false
Martin, It just means they are going to raise money through one of these means. Its generic on purpose. Usually in a few days they announce what it is.
For a $180M market cap mREIT the $1B amount of the shelf does raise an eyebrow. At 10% yields on the prefs and notes, they might be planning to raise common equity? If they do this that would be problematc as the common trades at around 50% of book value.