Featured Articles
Medley Capital Corporation 6.50% Notes Due 2021
Tim McPartland | December 16, 2015
Date Issued 12/15/2015Shares Issued 2,800,000 Overallotment Shares 420,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol MCX Market Traded ON NYSEInterest Payment Paid the 30th of January, April, July and October beginning on 04/30/2016Quarlterly Interest .406 Annual Interest 1.625Securities may be redeemed, at the issuers option, as early as 1/30/2019 for a redemption price of $25/share plus accrued interestDividend Payments are NOT a Qualified Distribution--payments…
THL Credit Inc. 6.75% Notes Due 2022
Tim McPartland | December 15, 2015
Date Issued 12/10/2015Shares Issued 1,220,000 Overallotment Shares 180,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol TCRZMarket Traded ON NYSEInterest Payment Paid on the 30th of March, June, September and December beginning on 03/30/2016Quarterly Interest .422 Annual Interest 1.688Securities may be redeemed, at the issuers option, as early as 12/30/2018 for a redemption price of $25/share plus accrued…
Eagle Point Credit Co. 7% Notes Due 12/31/2020
Tim McPartland | December 15, 2015
Date Issued 12/01/2015Shares Issued 1,000,000 Overallotment Shares 150,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol ECCZ Market Traded ON NYSEInterest Payment Paid the last day of March, June, September and December beginning on 03/31/2016Quarlterly Interest .4375 Annual Interest 1.75Securities may be redeemed, at the issuers option, as early as 12/31/2017 for a redemption price of $25/share plus accrued interestDividend Payments are NOT…
Ex Dividend Date
admin | December 15, 2015
Ex-dividend date is normally set for stocks two business days prior to the record date. If investors purchase a stock on or after its ex-dividend date, they will not receive the dividend payment. If investors purchase a stock prior to its ex-dividend date, they will receive the dividend payment. The major exchanges require four business days prior to the Record…
Musings on the Income Markets
Tim McPartland | December 15, 2015
Last week was a wild and crazy week for most equity markets around the world and we are expecting more of the same for the next week or two as the FED ponders raising the Fed Funds rate (the interest rate that financial institutions charge one another on overnight lending). If the Fed raises rates the markets will begin guessing…