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Faster that we can get notices of new issues published we get more new issues.  PS Business Parks (NYSE:PSB) has issued a new 5.20% preferred which is investment grade, as might be expected, from the sister company to Public Storage (NYSE:PSA). The terms of this issue are the normal terms for a REIT preferred being cumulative, perpetual and non qualifying…

Date Issued  10/13/2016 Shares Issued   6,000,000      Overallotment Shares  900,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   AHT-G      OTC Grey Market Ticker  AHFH Market Traded ON   NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 1/17/2017 Quarterly Dividend   .461   Annual Dividend   1.844 Securities may be redeemed, at…

Date Issued   10/7/2016 Shares Issued    6,600,000     Overallotment Shares  990,000 S&P Rating   BBB  Moodys Rating   Baa2 Security Ticker Symbol   PSB-W      OTC Temp Ticker  PSBNL Market Traded ON   NYSE Dividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2016. Quarterly Dividend   .333  Annual Dividend      1.30 Securities may be…

Apartment REIT Independence Realty Trust (NYSE:IRT) was sold from the 2015/2016 Moderate Duration Portfolio with Zip about a month ago at $9.68/share and significant profits harvested.  After announcing a secondary share offering a few weeks ago share prices fell all the way back to the $8.40 and we took the opportunity to repurchase some shares in the Zip portfolio at…

The flow of new preferred stock issues coming to market in the last week or two has picked up as companies hurry to lock in favorable rates prior to a possible December Fed Funds rate hike. There are 3 new issues now trading on the OTC Grey Market that we have not covered.  They are from REIT Public Storage (NYSE:PSA),…