Featured Articles
Gabelli Dividend and Income Trust 5.25% Series G Cumulative Preferred Shares
Tim McPartland | June 30, 2016
Date Issued 6/29/2016 Shares Issued 4,000,000 Overallotment Shares S&P Rating NR Moodys Rating Aa3 Security Ticker Symbol GDV-G OTC Grey Market Temp Ticker GDVVP Market Traded ON NYSE Dividend Payment Paid on the 26th of March, June, September and December beginning on 9/26/2016 Quarterly Dividend . 328 Annual Dividend 1.3125 Securities may be redeemed, at…
We Harvest a Nice Profit as Utilities Fly High
Tim McPartland | June 27, 2016
As we had previously noted we would harvest profits from time to time as opportunity presented itself. Opportunity presented itself with water utility Artesian Resources (NASDAQ:ARTNA) jumping $1.39/share today to close near a 52 week high of $33.08. ARTNA was a legacy holding in the Blended Income portfolio, which was bought for $22.49/share in October, 2014 thus was held for…
NextEra Energy Capital Holdings Series K 5.25% Subordinated Debentures Due 2076
Tim McPartland | June 26, 2016
Date Issued 5/31/2016 Shares Sold 20,000,000 Overallotment Shares 3,000,000 S&P Rating BBB Moodys Baa2 Security Ticker Symbol NEE-K Market Traded ON NYSE Interest Payment Paid on the 1st of March, June, September and December beginning on 09/1/2016 Quarterly Interest .328 Annual Interest 1.3125 Securities may be redeemed, at the issuers option, as early as 06/01/2021 for…
Giant Single Family Residence REIT American Homes 4 Rent Sells a Preferred
Tim McPartland | June 24, 2016
Only 1 month after selling a cumulative, redeemable preferred offering with a coupon of 6.50% American Homes 4 Rent (NYSE:AMH) is back with another offering with a slightly lower coupon of 6.35%. AMH is the giant of the single family residence REIT marketplace with ownership of over 47,000 houses. It really isn’t a surprise that AMH is a giant in…
Wild Ride on Tap for Today
Tim McPartland | June 24, 2016
So we are going to have a bit of a wild ride today thanks to the British vote yesterday. No need to panic as the U.S. market is shown down just 3% or so at the moment, which is a drop in the bucket compared to some of the European markets which are down 7-12%. The 10 year treasury is…