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BDC TICC Capital (NASDAQ:TICC) has sold a new shorter duration baby bond issue with a coupon of 6.50%.  TICC will use the proceeds from the offering to redeem a portion of the 7.50% 2012 Convertible Notes which are due 11/1/2017. The new baby bonds will have a maturity date of 3/30/2024 and will have an optional call period which becomes…

Date Issued   04/05/2017 Shares Issued   2,300,000   Overallotment   345,000 S&P Rating  NR    Moodys   NR Security Ticker Symbol   TICCL Market Traded ON   NASDAQ Interest Payment Paid on the 30th of March, June, September, and December beginning on 06/30/2017 Quarterly Interest   .406   Annual Interest   1.625 Securities may be redeemed, at the issuers option, as early as 3/30/2020 for a redemption price…

We noticed once again that a nice Baby Bond was announced for call late last week.  This time it was the KKR Financial Holdings 7.50% Senior Notes (NYSE:KFI) with a maturity date of 3/20/2042 that was called for early redemption on 4/24/2017.  Holders will receive $25/share plus accrued interest.  Since this was a long dated maturity issue we did not…

A U.S.-based discount retailer and a Canadian energy transport company announced dividend boosts of 20% and 6.25%. With these dividend hikes, the two companies extended their streak of paying rising dividends to 20 years and 7 years, respectively. In addition to the benefit of dividend income, one of the investments rewarded its shareholders with asset appreciation of 24% over the…

Two mutual funds from Guggenheim Investments reward their shareholders with enticing 9%-plus dividend yields and monthly dividend distributions. In addition to the outstanding dividend income, both funds increased their share prices by double-digit percentages over the last year. If either of the funds fits into your investment portfolio strategy, you should act quickly to collect the next dividend payment since…