Special Opportunities Fund 3.50% Convertible Preferred Stock

Issue will be Mandatorily redeemed on 8/19/2021.





 

Priority Income Fund 6.25% Series B Term Preferred Stock Due 2023

Shares of the Parent are NOT publicly traded–the parent ticker shown is for sorting purposes only.

It appears that dividends are partially qualified for 2018




AllianzGI Convertible and Income Fund II, 5.50% Series A Cumulative Preferred Shares

RATED AAA by Fitch

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment.





AllianzGI Convertible and Income Fund 5.625% Series A Cumulative Preferred Shares

Rated AAA by Fitch

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment




Gabelli Go Anywhere Fund Series A 8% (now 5%) Cumulative, Puttable and Callable Preferred Shares

The preferred stock was originally issued in July, 2016 as part of a combination share which was sold for $100/share.  This represented 3 common shares  and 1 cumulative, puttable preferred share.  This combination share traded on the exchange until November, 2016 when the common and preferred shares were split and commenced independent trading.

The preferred shares traded around $54 to start, but only carry a liquidation preference of $40/share.  The giant kicker was the preferred carried a 8% coupon during the 1st year.  By the middle of 2017 the preferred shares had fallen to the $44-45 area as the ‘teaser’ rate was set to come to an end.

For years 2 and 3 the preferred shares pay a coupon of 5% (based on $40/share liquidation preference) meaning a 50 cent/quarter distribution.  After this time the distribution will be at a rate of 200 basis points over the 10 year treasury, but NOT LESS than 5% nor more than 7%.

Holders of the preferred stock will have the option of ‘putting’ the shares to the fund at $40/share in 2019 and 2021.  After the second ‘puttable’ period the shares will become perpetual preferreds with normal terms of redemption applying.

Current coupon is 5% as of 7/2019


Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment

Gabelli Equity Trust 5.45% Series J Cumulative Preferred Stock

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment





Oxford Lane Capital Corp 6.75% Series 2024 Term Preferred Stock




GDL Fund 4% Series C Cumulative Puttable and Callable Preferred Shares

Year 1 dividend will be 4%. During the last dividend period in year 1 a new coupon will be announced for years 2 and 3 (not less than 4% nor more than 6%) . During the last dividend period in year 3 a fixed dividend rate will be announced which shall apply for all remaining dividends until mandatory redemption in 2025.

The fund will redeem all shares properly submitted for redemption during the 30 day period prior to each of March 26,2020 and March 26, 2022 at the liquidation preference and accrued and unpaid dividends.

On 3/26/2020 1.95 million shares of this issue were ‘put’ to the fund. This leaves 688,932 shares outstanding
Announced–Dividend is 4% for years 2 and 3 (2019 and 2020)
Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment





GAMCO Natural Resources, Gold and Income Fund 5.20% Cumulative Preferred Shares

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment




RiverNorth Specialty Finance Corporation 5.875% Series A Term Preferred Stock Due 2024

10/17/2017 The parent shares of this term preferred are NOT publicly traded.

3/22/2019 RiverNorth Marketplace Lending has announced they will list their common shares on an exchange for public trading.


The company common shares began trading under ticker RSF on 6/12/2019

Company renamed RiverNorth Specialty Finance Corp from RiverNorth Marketplace Lending




Gabelli Multimedia Trust 5.125% Series E Cumulative Preferred Shares

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment





 

Ellsworth Growth and Income Fund 5.25% Series A Cumulative Preferred Shares

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment




Tri-Continental Corp., $2.50 Cumulative Preferred Stock ($50 issue)

Shares are redeemable at ANYTIME for $55/share.

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment

No prospectus is available for this 1963 issued preferred.




Oxford Lane Capital Corp., 7.50% Cumulative Series 2023 Term Preferred Shares

As of 9/30/2019 there are approximately 3.6 million shares outstanding of this issue—at the money offerings have been substantial.

GREENWICH, Conn., Feb. 11, 2020 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (the “Company”) (NasdaqGS: OXLC, OXLCO and OXLCM) announced today that it has called for redemption and will redeem on March 12, 2020 (the “Redemption Date”) 1,200,000 of the issued and outstanding shares of the Company’s 7.50% Series 2023 Term Preferred Stock (the “Shares”), which is traded on the NASDAQ Global Select Market under the ticker OXLCO, for a redemption price of $25 per Share plus $0.05729167 in accrued but unpaid dividends per Share to the Redemption Date, for a redemption price of $25.05729167 per Share or an aggregate redemption price of $30,068,750. The Shares will be redeemed from each holder of the Shares pro rata based upon the number of outstanding Shares held by such holder.

General American Investors, 5.95% Cumulative Preferred Stock, Series B

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment





GAMCO Global Gold, Nat Res & Inc Trust, 5% Series B Cumul Preferred Shares

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment




Gabelli Utility Trust, Inc., 5.625% Series A Cumulative Preferred Shares

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment




 

Gabelli Utility Trust, 5.375% Series C Cumulative Preferred Shares

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment