I will be adding a new link titled “Sandbox” in the right hand menu.
That link will get you to this page.
I had originally set up the “Reader Initiated Alert” page for ‘alerts’. I was thinking this, for instance, might be when a preferred stock is undergoing a temporary selloff and someone wants to let the population know about it quickly. Of course we all (including me) use the ‘alert’ page for general messaging.
I am requesting that we start using the Sandbox page for all general talk, and try to preserve the ‘alerts’ page for ‘alerts’.
I have had a screen up on one of my monitors all week where I see all comments – no matter where they are posted–it is a great page and I wish everyone had a page like that–believe me we all benefit from all the knowledge being shared. I don’t want to stifle any of the exchange of knowledge, but hope to get things a bit better organized by adding the Sandbox page.
Next Divi re CpN …. CititGroupCaplTrust Floater …..
Has any poster / holder seen a new declared Divi ??
Last was paid Apr 30 …. Next up should be July 30
Thanks
Has anyone seen the official notification that Wesco is calling their preferred WCCPRA? Or is there one? I haven’t seen anything other the statements that they plan to use proceeds from private issuance to pay off the preferred and the 30 day notice is past. I couldn’t find anything on their website. This has been a good one for me for 5 years.
announced over a month ago…
https://investors.wesco.com/news-releases/news-release-details/wesco-international-reports-first-quarter-2025-results
Does anyone know anyone who has or does own STT-G? I’m working with an attorney who is trying to find any holder of this preferred (past or present) to speak with them. I can’t say much about it but it involves possible significant monetary compensation for your time.
She’s a little frustrated that she hasn’t been able to find anyone. So, if you know someone, please let me know. I’ll provide you a way to contact me and then I’ll put you in touch with the law firm.
She’s a securities lawyer and this is her bio:
https://www.dilworthlaw.com/attorneys/catherine-pratsinakis/
Completely legit and as scrupulous of a securities lawyer as you’ll find. I work for her on an occasional basis as a consultant.
I am guessing for a cause of action similar to PMT-B?
I don’t think I ever owned STT-G but I found that LIBOR fallback curious too.
Questions for the group for anyone that has switched from Schwab StreetSmart Edge to Think or Swim:
Do you find the Active Trader Desktop version of ToS better than the web version? Which one do you primarily use?
I am being forced to switch from SSE in the next few weeks. So far, by running the “Paper Money” version of ToS, I find SSE to be a far superior trading platform than ToS.
ToS can’t even get the dividend amounts, yields, etc. correct for preferred stocks when I try and setup watchlists. It looks like ToS is trying to mimic a Bloomberg Terminal, and that is never going to really work?
Thanks in advance for any feedback!
As of June 2, i started my transfer to TOS from SSE.
Very difficult set up for me. I recently found the Divi $ Amt / Divi Yld columns unfindable for my Watch List input column. If so, a problem for me, being focused on good divi commons and preferreds.
The TOS must be better, yet I would suspect that product came along with the purchase of the other broker firm. For me, I could care less about options and futures high powered trading, yet the printed promo seems to feature that. Been with Schwab for decades, so I will have to relearn.
FWIW : SGOV was 6.865% higher on interest May to June 2
That is impressive. Will be shifting some (not all) from CLIP and USFR.
Gary,
June 2 div was vor 32 days vs 30 days for May 1 Div. 32/32=1.066
So same
this is a heads up for anybody who has not looked at the prospectus for LANDM. it’s redemption is not guaranteed on January 1, 2026. I was looking at the prospectus for LANDM and noticed this clause in their section on dividends and redemption:
….”In addition, if we fail to redeem or call for redemption the Series D Preferred Stock pursuant to the mandatory redemption required on January 31, 2026, the dividend rate on the Series D Preferred Stock will increase by 3.0% per share per annum to 8.0%, until such shares are redeemed or called for redemption.”
Mentioned as well in the CC……… They are considering all options but apparently have the funding in place to redeem, but they do leave the window open. I’ve owned LANDM for a long time and remember thinking at the time the 8% was so punitive that I could consider these as 2026 maturity. How times change…. Still right now LANDM would be worth more if they didn’t redeem…