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 is over for now and not much news is being posted by company’s that are of interest so for the next 6-8 weeks postings will be relatively lite.
June 10, 2025 08:30 ET | Source: Abacus Global Management
Abacus Refutes Misleading Balance Sheet Claims With Independent Third-Party Actuarial Valuation
June 10, 2025 08:00 ET | Source: Oxford Lane Capital Corp.
Oxford Lane Capital Corp. Provides May 2025 Net Asset Value Update
Tim…All the bargains are adding up in, June, quarter .for example BA/PRA. .. bought at a bargain $ 49 -$50. 6.5% return + Now $70.. Ty. Georges
Darn, I hold some of the 2027 7% notes in my wife’s account. They say they are going to make a tender offer. I wonder if I have to take it?
Charles,
Based on what they said (below, taken from the press release), you don’t have to tender your 2027 Notes, but they plan to redeem all untendered Notes on or about Aug 1:
“To the extent the Tender Offer is not completed or is completed but Global purchases less than all of the 2027 Notes in the Tender Offer, Global intends to use any remaining net proceeds from the offering of the Senior Notes to redeem any 2027 Notes that remain outstanding on or about August 1, 2025.”
mbg, I also hold the 2029 notes so I am thinking I might try to roll the proceeds into more of those.