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Date Issued   10/7/2015Shares Issued  4,400,000   Overallotment Shares  660,000S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   NGLS-A  OTC Temp Ticker  TGARPMarket Traded ON   NYSEDistribution Payment Paid on the 15th of each month beginning on 11/15/2015Monthly Distribution   .1875  Annual Distribution   2.25After 11/1/2020 the distribution rate will be floating at 7.71% plus 1 month libor.Securities may be redeemed,…

We always watch a few indicators to see just how income investors are acting on any given day--let's call it the pricing 'tone' of various income securities.  This week we have seen a strong bias of income investors to start nibbling at some of the lower quality preferreds and exchange traded debt issues that had been off maybe 2-4% over…

S&P Rating  BB+   Moodys Rating   Ba1 Security Ticker Symbol   EGXKP Market Traded ON   OTC Interest Payment Paid on the 1st of January, April, July, and October beginning on 07/01/2006 Quarterly Dividend  .4030   Annual Dividend  1.613 Securities may be redeemed, at the issuers option, as early as 04/01/2011 for a redemption price of $25/share plus accrued dividends Dividend Payment Will be Qualified…

While we are not crazy about commercial finance REIT Arbor Realty Trust (ticker:ABR), we are fairly high on their baby bonds. The only baby bond issue they have outstanding is the 7.375% issue (ticker:ABRN) and it is trading at $23.78 giving it a current yield of 7.57%. At this moment this is the best baby bond issue out there for…

We continue to have little faith in the monthly employment numbers that are released--nothing really new here as it seems most of the government numbers are somewhat wacky (a highly technnical term).  Last month when there were expectations for a creation of 200,000 jobs we end up with 142,000.  Forecasters were in a range of 180,000 to 235,000--obviously no one…