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Alternative asset manager Ares Management LP (NYSE:ARES) has sold a new preferred issue with a rather tasty coupon of 7%. ARES, with over $94 billion in assets under management, is a large, well run company and the new issue has a low investment grade rating from Standard and Poor’s of BBB-.  ARES has no other preferred stock or exchange trade…

NON CUMULATIVE Date Issued   6/1/2016 Shares Issued   11,000,000    Overallotment Shares  1,650,000 S&P Rating  BBB-   Moodys Rating   NR Security Ticker Symbol   ARES-A      OTC Temp Ticker   ARMGP Market Traded ON   NYSE Dividend Payment Paid on the Last Day of March, June, September and December beginning on 9/30/2016 Quarterly Dividend   .4325   Annual Dividend   1.75 Securities may be redeemed, at…

Just to clarify that we are not asking anyone to turn off adblockers---BUT you can "whitelist" individual sites and we believe this will allow spreadsheets to be visible. It is believed from the info we have received from readers that AD BLOCKERS are the issue with most pages not loading the spreadsheets correctly.  The exception being the BABY BOND page…

The Gabelli Utility Trust (NYSE:GUT), a closed end fund (CEF) has sold a quality, investment grade, preferred stock.  The shares are rated A1 by Moodys. As is normal for a preferred stock offering from a CEF the company must maintain a 200% asset coverage ratio. Per the prospectus GUT will have a asset coverage ratio of 336% after the issuance…

The Gabelli Utility Trust (NYSE:GUT), a closed end fund (CEF), has sold a quality, investment grade, preferred stock.  The shares are rated A1 by Moodys. As is normal for a preferred stock offering from a CEF the company must maintain a 200% asset coverage ratio. Per the prospectus GUT will have a asset coverage ratio of 336% after the issuance…