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Monmouth Real Estate Investment Corporation (NYSE:MNR) has sold a 6.125% cumulative, redeemable preferred stock issue with the intention of redeeming their outstanding Series A preferred. The issue to be redeemed carries a coupon of 7.625% meaning MNR will reduce their annual costs by near $2 million annually.  While the 6.125% coupon seems a bit stingy it is what is available…

Date Issued   9/6/2016 Shares Issued   5,400,000                 Overallotment Shares  None S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   MNR-C    OTC Grey Market Ticker  MONMP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2016 Quarterly Dividend   .383   Annual…

Let's face it all income investors are winners this year (unless you have pulled some really dumb moves), but some winners are bigger than others. Our goal, both personally and in our models on this website, is to have good success without feeling a need to trade continually and to that end we are succeeding nicely this year.  On the…

Actually it is not just the preferred stock owner that has an issue, it is also the holders of exchange traded debt (baby bonds). We are all struggling to hold onto our best income producing securities, while issuers are bound and determined to call them away from us as quick as they can do so.  We are doing our "job"…

Date Issued   8/4/2016 Shares Issued   20,000,000   Overallotment Shares  None S&P Rating  BB+       Moodys  Baa2 Security Ticker Symbol   LMHB        OTC Temporary Ticker    None Announced Market Traded ON   NYSE Interest Payment Paid on the 15th  of March, June, September and December beginning on  12/15/2016 Quarterly Interest   .341   Annual Interest   1.3625 Securities may be redeemed, at the…