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…