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Newtek Business Services (ticker:NEWT) is selling a small 7.5% $25 note issue.  These notes mature in 2022.  Newtek, while a Business Development Company, only converted to a BDC this year after being in business for 12 years as a C-Corp. Newtek is the largest non bank generator of Small Business Administration (SBA) loans which they service, but do not carry…

Date Issued   9/23/2015Shares Issued   328,000      Overallotment Shares  49,200S&P Rating  NR   Moodys Rating   NRSecurity Ticker Symbol  NEWTZMarket Traded ON   NASDAQInterest Payment Paid on the Last Day of March, June, September and December  beginning on 12/31/2015Quarterly Interest   .469   Annual Interest   1.875Securities may be redeemed, at the issuers option, as early as 09/23/2018 for a redemption price of $25/share…

We are waiting for the afternoon announcement from the FED just like those that work in the financial markets, but we have to ask ourselves 'is it really THAT important?".For us we are hoping for a modest raise in the FED funds rate so we can get it behind us and make some plans (purchases) without being jerked around on…

Just when we thought markets would be quiet for a few days we get a day when stocks jump by over 200 Dow points while interest rates shoot higher (the 10 year treasury up 10 basis points).  We sure can't make sense of this.  The Dow jump would indicate a belief of no rate hike on Thursday while the treasury…

Date Issued   9/15/2015Shares Issued   16,000,000      Overallotment Shares  2,400,000S&P Rating  BBB-   Moodys Rating   Baa3LOW INVESTMENT GRADESecurity Ticker Symbol  CTZMarket Traded ON   NYSEInterest Payment Paid on the 15th of March, June, September and December  beginning on 12/15/2015Quarterly Interest   .414   Annual Interest   1.656Securities may be redeemed, at the issuers option, as early as 09/15/2020 for a redemption price of…