Featured Articles
PS Business Parks 5.25% Cumulative Preferred Stocks Series X
Tim McPartland | September 14, 2017
Date Issued 9/12/2017 Shares Issued 8,000,000 Overallotment Shares 1,200,000 S&P Rating BBB Moodys Rating Baa2 Security Ticker Symbol PSB-X OTC Grey Market PSBBP Market Traded ON NYSE Dividend Payment Paid on the last day of March, June, September and December beginning on 12/28/2017 Quarterly Dividend .328 Annual Dividend 1.3125 Securities may be redeemed, at the…

New Preferred Issues Just Keep Coming
Tim McPartland | September 14, 2017
September 14, 2017 By Tim McPartland In a continuation of the active new issue market in August, September is shaping up to be just as active. Below are three new issues that are now trading on either the OTC Grey Market or on their respective permanent exchange. Each new issue warrants analysis. TCF Financial Corporation (NYSE: TCF) has sold a…
The Carlyle Group 5.875% Series A Preferred Units
Tim McPartland | September 14, 2017
Date 9/7/2017 Shares Issued 16,000,000 Overallotment None S&P Rating BBB- Moodys Rating NR Security Ticker Symbol TCGP OTC Grey Market CGGGP Market Traded ON NASDAQ Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2017 Quarterly Dividend .367 Annual Dividend 1.469 Securities may be redeemed, at the…
TCF Financial Corporation 5.70% Series C Non-Cumulative Preferred Stock
Tim McPartland | September 14, 2017
Date 9/7/2017 Shares Issued 7,000,000 Overallotment None S&P Rating BB- Moodys Rating Ba1 Security Ticker Symbol TCFCP OTC Grey Market TCFFP Market Traded ON NYSE Dividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2017 Quarterly Dividend .356 Annual Dividend 1.425 Securities may be redeemed, at the…
Alabama Power 5% Class A Preferred Stock Cumulative
Tim McPartland | September 14, 2017
Date Issued 9/5/2017 Shares Issued 10,000,000 Overallotment None S&P Rating BBB Moodys Rating A3 Security Ticker Symbol Not Announced OTC Grey Market Ticker ABBLP Market Traded ON NYSE Dividend Payment Paid on the 1st of January, April, July and October beginning on 10/01/2017 Quarterly Dividend .3125 Annual Dividend 1.25 Securities…