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Bank holding company Goldman Sachs Group, Inc. (NYSE:GS) has sold a new preferred stock offering and the new, non-investment grade shares now are trading on the OTC Grey Market under the temporary ticker GSHSP. As a banking company, Goldman Sachs is required to issue non-cumulative preferred shares, so if its board of directors doesn’t declare dividends on the shares, the omitted…

Date Issued   2/16/2016Shares Issued  27,000,000   Overallotment Shares  4,050,000S&P Rating   BB    Moodys Rating   Ba1Security Ticker Symbol   GS-N    OTC Temporary Ticker  GSHSPMarket Traded ON   NYSEDividend Payment Paid on the 10th of February, May, August and November beginning on 05/10/2016Quarterly Dividend   .394   Annual Dividend   1.575Securities may be redeemed, at the issuers option, as early as 5/10/2021 for a redemption price…

To say that it was a difficult week for investors would be somewhat of an understatement, but we have gone through these periods many times in the last 45 years and there should be no doubt that panicking will leave you worse off than simply sitting tight. While the year started off with “junkier” income issues, such as preferred stocks, baby…

Interest rates, as measured by the 10-year Treasury Note, have plunged to their lowest level in more than three years and now are trading for about 1.59%. Gold prices are spiking sharply with the yellow metal up more than $40 an ounce. Fear is rampant through the markets.As we have mentioned numerous times in the last few months, quality preferred…