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Banker Capital One Financial Corporation (NYSE:COF) has sold a new preferred stock offering.  Moodys rates this issue as investment grade, while Standard and Poor’s has it a notch below investment grade. As you might expect with a quality issue the coupon is meager--just 5.20%.  The issue has now begun trading on the OTC Grey Market with a temporary ticker symbol…

Date Issued   7/22/2016 Shares Issued  24,000,000  Overallotment shares  0 S&P Rating   BB   Moodys Rating   Baa3 Security Ticker Symbol   COF-G   OTC Temporary Ticker   CITLP Market Traded ON   NYSE Dividend Payment Paid on the 1st of March, June, September and December beginning on 12/1/2016 Quarterly Dividend   .325   Annual Dividend   1.30 Securities may be redeemed, at the…

Essential parts of any financial or estate plan are the health care documents. Everyone needs these documents, regardless of the value of the estate. Even if you are not ready to put the rest of the plan into place, the health care documents should be prepared and executed. One problem with many plans is that they do not have the…

Day after day income investors search for reasonable sources of income as preferred stock issues and baby bonds with 6, 7 and 8% coupons are redeemed while new issues are being sold with coupons of 4, 5 and 6%.  Even the junky companies (in particular some REITs) are issuing perpetual preferreds at rates that they never ever dreamed would be…

By Ned Piplovic Gold served as money and as a store of value for most of human history, but fell out of favor with the advent of more sophisticated financial instruments. While certain financial advisors recommend holding some physical gold through coins and bullion bars, investors now have access to other financial instruments to build and safeguard wealth. With gold…