Featured Articles

Western Alliance Bancorporation, 6.25% Subordinated Debentures Due 07/01/2056

Tim McPartland | October 26, 2016
Date Issued  6/10/2016 Shares    7,000,000   Overallotment Shares   None S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   WALA Market Traded ON   NYSE Interest Payment Paid on the 1st of January, April, July and October beginning on 10/1/2016 Quarterly Interest   .391  Annual Interest   1.563 Securities may be redeemed, at the issuers option, as early as 07/01/2021 for…

Teekay LNG Partners L.P. 9% Series A Cumulative Redeemable Perpetual Preferred Units

Tim McPartland | October 25, 2016
Date Issued  10/1/2016 Shares Issued   5,000,000      Overallotment Shares  750,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   TGP-A         Market Traded ON   NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/15/2017 Quarterly Dividend   .563   Annual Dividend   2.25 Securities may be redeemed, at the issuers option, as early as…

People’s United Financial Inc. 5.625% Fixed-to-Floating Non Cumulative Perpetual Preferred Stock Series A

Tim McPartland | October 25, 2016
Date Issued  10/24/2016 Shares Issued   10,000,000      Overallotment Shares  None S&P Rating   BB+   Moodys Rating   Ba1 Security Ticker Symbol   PBCTP       OTC Grey Market Ticker  PPLUP Market Traded ON   NASDAQ Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016 Quarterly Dividend   .352   Annual Dividend   1.406 Dividend rate is fixes at…

RenaissanceRE Holdings Ltd 6.08% Series C Preferred Stock

Tim McPartland | October 24, 2016
S&P Rating  BBB+   Moodys Rating  Baa2 Security Ticker Symbol   RNR-C Market Traded ON   NYSE Dividend Payment Paid on the 1st of March, June, September and December beginning on 9/1/2013 Quarterly Dividend   .38   Annual Dividend   1.52 Securities may be redeemed, at the issuers option, as early as 03/23/2009 for a redemption price of $25/share plus accrued dividends Dividend Payment Will Likely be…

Calm Markets Lull You Into a Sense of Security

Tim McPartland | October 24, 2016
Over the last 90 days interest rates, as measured by the 10 year treasury, have marched higher by 40 basis points from a low of around 1.37% on July 8th to a high of 1.79% on October 14th and for the most part income investors have barely noticed the losses they have incurred in preferred stocks and baby bonds.  Through…
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