Below are press releases from companies with preferred stock and/or baby bonds outstanding–or just news of general interest.
Morgan Stanley Declares Dividends on Its Preferred Stock
AM Best Assigns Indicative Issue Credit Ratings to The Allstate Corporation’s New Shelf Registration
Brighthouse Financial Announces Preferred Stock Dividends and Related Depositary Share Distributions
Eagle Point Income Company Inc. Announces Third Quarter 2024 Common and Preferred Distributions
MetLife Declares Second Quarter 2024 Preferred Stock Dividends
AG Mortgage Investment Trust, Inc. Announces Closing of Public Offering of $65 Million Senior Notes
OFS Credit Company Provides April 2024 Net Asset Value Update
Old National Bancorp Announces Quarterly Dividends
There is a new “baby bond” (9% Senior Notes due 2029) by Chimera Investment Corp.:
https://www.sec.gov/Archives/edgar/data/1409493/000119312524139482/d835055dfwp.htm
Thanks Hugo
I had a modest amount of treasury funds mature yesterday and want to deploy them in more of a “risk-on” posture since I dumped a crap-ton of funds into a 5.5% CD on Tuesday. I have a decent position in KMPB and was thinking maybe add to that. AHH-A is also a candidate at higher risk and then there’s the stalwart SR-A to consider (I have very small positions in both right now). Wondering if folks here had any particular issues with either of these? I’ve done my DD but wondering if I am missing anything…
I own both preferred of Old National.
Nice one!