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Medley LLC, the operating company of Medley Management (NYSE:MDLY) will be selling a baby bond issue with a moderate length of time until maturity.  These $25 baby bonds have a maturity date of January 30, 2024 with a coupon of 7.25%. There is an optional call date starting on January 30th, 2020 where the bonds may be called for $25…

Date Issued  01/18/2017 Shares Issued  1,200,000     Overallotment Shares  180,000 S&P Rating  NR   Moodys Rating   NR Security Ticker Symbol  MDLQ  Market Traded ON   NYSE Interest Payment Paid the 30th of January, April, July and October beginning on 4/30/2017 Quarterly Interest   .453   Annual Interest   1.8125 Securities may be redeemed, at the issuers option, as early as 1/30/2020 for a redemption price of $25/share plus accrued interest…

Income investors who like to make New Year’s resolutions might want to buy shares in one of the following three companies that are aimed at improving your health and fitness. All three companies pay dividends with at least a 2% yield, so they certainly offer better income-producing prospects for investors than banks. Most New Year’s resolutions seem to fizzle quickly…

When we last wrote on January 6th we said that we would be primarily purchasing short and medium duration securities in the Blended Income Portfolio in 2017.  With this theme in mind we have added 700 shares of Medley LLC 6.875% Senior Notes (NYSE:MDLX) to the portfolio today. Medley LLC is the operating company of Medley Management (NYSE:MLY) and is an…

Fixed income investors are thumbing their noses at the idea that interest rates are going to move higher because of the strength of the global and U.S. economy.  Today the 10 year treasury fell by 8 basis points to close around 2.36% after hitting 2.6% last month as the Fed moved the fed funds rate higher by 25 basis points.…