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Date Issued  7/12/2016 Shares Issued  32,000,000     Overallotment Shares   None S&P Rating  BBB-    Moodys  Baa3 Security Ticker Symbol   DRUA Market Traded ON   NYSE Interest Payment Paid on the 30th of January, April, July and October beginning on 10/30/2016 Quarterly Interest   .328   Annual Interest   1.313 Securities may be redeemed, at the issuers option, as early as 7/30/2021 for a redemption…

Business development company Gladstone Investment Corporation (NASDAQ:GAIN) has issued a term preferred stock in a “refinancing” transaction.  A term preferred stock, unlike a perpetual preferred stock, has a mandatory redemption date. As longtime readers know we love term preferred stock, although we are not always fond of the issuers.  Gladstone Investment Corporation is a so, so business development company (BDC)…

As we noted in a writing on September 6th the Short/Medium Portfolios have performed well in the last year, but there were some opportunities to do some rearranging to capture some large gains. Both of these model portfolios were set up to minimize volatility while still garnering a "fair" return all while making very few trades.  Of course the definition…

Date Issued   9/19/2016 Shares Offered   2,000,000        Overallotment Shares  300,000 S&P Rating   NR     Moodys Rating   NR Security Ticker Symbol   GAINM    OTC Ticker  GADDP Market Traded ON   NASDAQ Dividend Payment Paid on the last day of the month beginning on 9/30/2016 Monthly Dividend   .1302    Annual Dividend   1.56 Securities may be redeemed, at the…

As we had previous predicted, when utility companies Entergy Arkansas and Entergy Louisiana, sold baby bonds a few weeks ago, sister company Entergy Mississippi has sold a new 4.90% first mortgage bond.  As we have come to expect investment grade bonds from utilities are being issued with very modest coupons to refinance older issues. This new issue is a $260…