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…
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