Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted. Earnings season has essentially ended so news will be slower until we get into mid April when some earnings will start to appear.
Redwood Trust Announces First Quarter 2025 Common and Preferred Dividends
Portman Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results
Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2024 Financial Results
Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2024
Mortgage Rates Remained Essentially Flat This Week
CareCloud Reports Record Breaking Full Year 2024 Net Income
Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter Ended December 31, 2024
TWO Announces New Conversation Series Video
Annaly Capital just announced an increase in dividend on common shares…
0.65-0.70……thus perfect time to buy fix to floating NLY-G 25.24…callable but the higher paying NLY-F & NLY-I certainly will be called first……..also own AGNCO …RITM-B….RITM-C….RITM-D …CIM-D in the mortgage reit space
All fix to floating except RITM-D
I have some NLY-I since below par I’ll keep running with it as long as they let me. Dumped AGNCO above par there’s call risk not the highest divvy and some analysts not too keen on it any more. CIM-B I’ll take the higher div it’s below par, also some CIMO. RITM-D my biggest holding for the higher float rate soon and the upside to par balances out the lower payout until then. Also in ABR-D/E there’s trading opportunites to boost the return. MITN/MITP maybe higher risk but decent compensation for it. a little MFAO.
Can someone explain to me Arbor’s moving $1.34 billion of assets into the the “Repurchase Facility” and then to redeem them March 17th, 2025 accomplishes? This one is over my head!
DJ, they are just replacing CLO financing w repo. My guess is that the CLO’s were getting closer to their wind down period. They got cheaper financing w the repo but it looks like they had to post more collateral.. which makes sense.. JPM would only provide non-recourse financing with a significant over-collaterlaization cushion.