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
![View Press Release](https://mms.businesswire.com/media/20240325333404/en/2079393/21/HTI_Logo.jpg)
Healthcare Trust Announces Preferred Stock Dividends
![View Press Release](https://mms.businesswire.com/media/20240326494066/en/1944062/21/Eagle_Point_Income_Company.jpg)
Eagle Point Income Company Inc. Announces Offering of Preferred Stock
![View Press Release](https://mms.businesswire.com/media/20240326507807/en/2080429/21/HW_Logos_FINAL_Full_Color.jpg)
Hancock Whitney Corporation to announce first quarter 2024 financial results and hos
![View Press Release](https://mms.businesswire.com/media/20240326377488/en/2079136/21/wrbc_color_logo_trademark.jpg)
W. R. Berkley Corporation to Announce First Quarter 2024 Earnings on April 23, 2024
![View Press Release](https://mms.businesswire.com/media/20240326802469/en/2079600/21/Earnings_Image.jpg)
Wells Fargo Announces 2025 Earnings Release Date Information
![View Press Release](https://mms.businesswire.com/media/20240326669820/en/386827/21/Pebblebrook_Logo.jpg)
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.