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Date Issued   9/15/2016 Shares Issued   32,000,000      Overallotment Shares  None S&P Rating  BBB     Moodys Rating   Baa3 Security Ticker Symbol   SOJB Market Traded ON   NYSE Interest Payment Paid on the 1st of January, April, July and October  beginning on 01/1/2017 Quarterly Interest   .328   Annual Interest   1.3125 Securities may be redeemed, at the issuers option, as early as 10/1/2021 for…

2 smaller banks have issued new preferred shares.  They are both non-cumulative with respect to dividends--a requirement for proceeds to be counted as Tier 1 capital.  Both issues are redeemable in approximately 5 years, at the option of the issuer.  Both new issues pay dividends that are qualified for preferential tax treatment. Associated Banc-Corp (NYSE:ASB) has sold a new preferred…

Date Issued  9-7-2016 Shares Issued    4,000,000    Overallotment Shares    None S&P Rating   BB   Moodys Rating   Baa3 Security Ticker Symbol   ASB-D   OTC Temporary Ticker  ASBDP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016 Quarterly Dividend   .336   Annual Dividend   1.344 Securities may be redeemed, at the issuers option, as…

Date Issued  9/9/2016 Shares Issued  3,000,000   Overallotment Shares  450,000 S&P Rating  NR   Moodys Rating   NR Security Ticker Symbol   CUBI-F   OTC Temp Ticker  CTMRP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016 Quarterly Dividend   .375   Annual Dividend   1.50 Dividend coupon will be fixed at 6.00% until 12/14/2021 and then will float at a rate of…

With the DJIA off 230 points at this moment based upon a spike in interest rates created by Fed speak one wonders if they should be buying now.  Eric Rosengren, who has been fairly dovish and lobbying for low interest rates has now changed his tune.  In typical Wall Street fashion the markets have reacted fairly swiftly and yield stocks…