Headlines of Interest

3 thoughts on “Headlines of Interest”

1. CTO and REG reports looked pretty decent long pfds of both co’s. Both raised guidance slightly and are having good leasing results, REG had an S&P credit upgrade this year and CTO’s debt while higher than I’d like is hedged at least. I doubt REG will be in any hurry to call the old Urstadt Biddle pfds w the lower rates on them but they have the capacity to do so. Rates dropping thru the day . Bea

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   1. Apollo Global Management stock (APO) has done extremely well in the last year. I’m a happy owner. The stock, at the moment, pays a small 1.65% dividend. They also have a bond. They also mention a preferred that I’m not familiar with. Need to check that (APO-A).
      “Apollo Global Management, Inc. has also declared and set aside for payment a cash dividend of $0.8438 per share of its Mandatory Convertible Preferred Stock.”

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      1. APO including the Ahene & AHL it merged with have 12 preferreds / bonds. Most pay bit more than similar rated / duration preferred shares.

         Check out recently issued bond ATHS with 7.25% coupon or ATH/PRE with 7.75% QDI coupon (trading in $25.8-$26.25s), ATH-C that is callable soon or floats.

         Here is link to the many APO preferreds
         https://innovativeincomeinvestor.com/income-security-finder/?wpv_view_count=7443&parent-ticker=apo

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