Below are press releases from company’s with preferred stock or baby bonds outstanding–or just general news of interest.
Armada Hoffler Announces Income Tax Treatment of Its 2022 Dividend Distributions
Retail Opportunity Investments Corp. Reports 2022 Results
Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2022 Results
Pinnacle Bankshares Corporation Announces Increase to Quarterly Cash Dividend
Compass Diversified Completes Sale of Advanced Circuits
Argo Group Schedules Fourth Quarter and Full Year 2022 Earnings Release
Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends
AIG Reports Fourth Quarter and Full Year 2022 Results
Brighthouse Financial Announces Preferred Stock Dividends and Related Depositary Share Distributions
Equitable Holdings Declares Common and Preferred Stock Dividends
Annaly Capital Management, Inc. Announces Preferred Dividends
MetLife Announces First Quarter 2023 Preferred Stock Dividend Actions
Office Properties Income Trust Announces Fourth Quarter 2022 Results
Energy Transfer Reports Strong Fourth Quarter 2022 Results and Announces 2023 Outlook
Essential Properties Announces Fourth Quarter 2022 Results
Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full Year 2022 Results
This sentence in ATCO’s PR caught my eye:
“Approximately 73% of Seaspan’s total borrowings including preferred shares are fixed rate, protecting against an unpredictable inflationary and rising interest rate environment”
https://ir.atlascorporation.com/2023-02-15-ATLAS-REPORTS-FOURTH-QUARTER-2022-RESULTS
That sentence made me wonder if it makes the fixed-to-floating ATCO-I preferred shares more likely to be called in late October:
“From and including 10/30/2023 the dividend rate will be a floating rate equal to three-month LIBOR plus a spread of 5.008% per annum per $25.00 of liquidation preference per share.”
https://www.quantumonline.com/search.cfm?tickersymbol=ATCO-I&sopt=symbol
No opinion on whether to tender… Quelle Surprise…
I hope 745 sues them and forces them to file AT&T financials….
that would be a hoot…