Featured Articles
Qwest Corporation 6.5% Notes Due 2056
Tim McPartland | August 16, 2016
Date Issued 8/10/2016 Shares Issued 34,000,000 Overallotment Shares 5,100,000 S&P Rating BB Moodys Rating Ba1 Security Ticker Symbol CTBB Market Traded ON NYSE Interest Payment Paid on the 1st of March, June, September and December beginning on 12/1/2016 Quarterly Interest . 406 Annual Interest 1.625 Securities may be redeemed, at the issuers option, as early as 09/01/2021…
We Are a Buyer of This New Term Preferred Stock
Tim McPartland | August 12, 2016
OTC TICKER HAS BEEN ANNOUNCED---GLLTP Gladstone Land Corp. (NASDAQ:LAND) has sold a new preferred offering with a relatively decent coupon of 6.375%. Additionally this issue will pay monthly dividends and a “bird in hand is worth 2 in the bush”. LAND is a REIT which owns agricultural land throughout the U.S. which it leases to fruit and vegetable growers. While…
Gladstone Land Corporation 6.375% Series A Cumulative Term Preferred Stock
Tim McPartland | August 12, 2016
Date Issued 8/11/2016 Shares Offered 1,000,000 Overallotment Shares 150,000 S&P Rating NR Moodys Rating NR Security Ticker Symbol LANDP OTC Ticker GLLTP Market Traded ON NASDAQ Dividend Payment Paid on the last day of the month beginning on 9/30/2016 Monthly Dividend .133 Annual Dividend 1.594 Securities may be redeemed, at…
Industrial REIT Rexford Industrial Sells a Lousy Preferred
Tim McPartland | August 11, 2016
Industrial REIT Rexford Industrial (NYSE:REXR) has sold a new preferred stock with a lousy coupon of 5.875%. This issue is now trading on the OTC Grey market under the ticker RXFFP and is trading in the area of $25.37. Honestly this is a ridiculous price for a very mediocre REIT. With the hunt for yield investors have continually accepted lower…
Rexford Industrial 5.875% Series A Cumulative Redeemable Preferred Stock
Tim McPartland | August 11, 2016
Date Issued 08/09/2016 Shares Issued 3,600,000 Overallotment Shares 0 S&P Rating NR Moodys Rating NR Security Ticker Symbol REXR-A OTC Temp Ticker RXFFP Market Traded ON NYSE Dividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2016 Quarterly Dividend .367 Annual Dividend 1.469 Securities may be redeemed, at the issuers option, as early as 8/16/2021 the…