Below are some press releases from company’s with preferred stock or baby bonds outstanding.
LifeMD Declares Quarterly Dividend on Series A Cumulative Perpetual Preferred Stock
ARMOUR Residential REIT, Inc. Announces Guidance for October 2022 Dividend Rate per Common Share
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering
AXIS Capital to Release Third Quarter Financial Results on October 26, 2022
XAI Octagon Floating Rate & Alternative Income Term Trust Celebrates 5th Anniversary
For folks holding $1000 Lumen notes:
https://news.lumen.com/2022-09-26-Lumen-Announces-Any-and-All-Cash-Tender-Offers
A quick look through Axis latest investor presentation suggests that they have been reducing their hurricane reinsurance risk exposure over the last few years. Of current interest — a quick read of Axis supplemental financials suggests that they have limited risk exposure to a hurricane in the Gulf of Mexico, less than 5% of shareholder equity, max, maybe.
Of course, I’m not awfully good at reading these things (and their footnotes) and CoreLogic just put out a mind-bendingly large worst-case Ian projection on September 26, so DYODD. My experience with the re’s is you won’t know what their losses are until they press-release their actuals post-cat.
AXS common pays around 3.4%. They also have a preferred outstanding.
Just my opinion.