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It had to happen sooner or later in the current low interest rate environment and REIT Public Storage (NYSE:PSA) is the perfect company to offer a preferred offering with a coupon of just 4.95%--the 1st preferred offered with a coupon under 5% for many, many years.  PSA is investment grade rated and is a genuine “money machine”. We have written…

Date Issued  07/15/2016 Shares Issued  12,000,000      Overallotment Shares  1,800,000 S&P Rating   BBB+   Moodys Rating   A3 Security Ticker Symbol   PSA-D    OTC Temp Ticker  PBSDP Market Traded ON   NYSE Dividend Payment Paid on the last day of March, June, September and December beginning on 09/30/2016 Quarterly Dividend   .309   Annual Dividend   1.238 Securities may be redeemed, at the issuers option, as early as 7/20/2021  the call…

We have made a few adjustments to the Blended Income Model Portfolio and wanted to convey those changes to all. We have sold the Gladstone Commercial 7.125% term preferred shares (NASDAQ:GOODN).  This issue is being called and rather than wait for the redemption date to arrive we have sold the shares. We had bought these shares (1000 shares) back in…

Apartment REIT, Bluerock Residential Growth REIT (NYSE:BRG) has sold a new cumulative preferred stock offering. BRG is a owner of apartment communities.  The REIT many times will provide financing for the construction of new apartment buildings and negotiate an option to purchase a percentage or the entirety of the building upon construction completion.  To date this has given them a…

Date Issued  12/18/2012 Shares Issued   6,000,000 S&P Rating  BBB-     Moodys  NR Security Ticker Symbol   SFN Market Traded ON   NYSE Interest Payment Paid on the 15th of January, April, July and October beginning 4/15/2013 Quarterly Interest   .336   Annual Interest   1.344 Securities may be redeemed, at the issuers option, as early as 12/15/2015 for a redemption price of $25/share plus accrued interest…