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100 times--no maybe 1000 times we have witnessed writers on Seeking Alpha refer to Baby Bonds (Exchange Traded Debt) as preferred stocks--it makes us down right crazy.  Is a common stock a preferred stock? Is common stock a bond?  Of course not! Is a baby bond the same as a preferred stock?  NO!So why does it matter?  It is basic,…

S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   IRC-BMarket Traded ON   NYSEDividend Payment Paid on the 15th of each month beginning on 11/17/2014Monthly Dividend   .145   Annual Dividend   1.7375Securities may be redeemed, at the issuers option, as early as 10/16/2019  the call price is $25 plus accrued dividendsDividend Payment NOT will be Qualified DistributionsMaturity Date   None Company Investor Relations Page for Inland Real…

We had held the 7.25% senior notes (ticker:MVCB) of business development company (BDC) MVC Capital in all of our Model Portfolios since inception of each of the portfolios and being conservative folks we have now sold all positions in MVCB.For those that haven't followed MVC Capital (ticker:MVC) they have not filed their 10-K for 2014 as of yet and subsequently…

S&P Rating  NR   Moodys  NRSecurity Ticker Symbol   SOHOMMarket Traded ON   NASDAQInterest Payment Paid on the 15th  of February, May, August and November beginning on  2/15/2015Quarterly Interest   .4375   Annual Interest   1.75Securities may be redeemed, at the issuers option, as early as 11/15/2017 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they…

 S&P Rating  NR   Moodys  NRSecurity Ticker Symbol   SOHOLMarket Traded ON   NASDAQInterest Payment Paid on the 30th  of March, June, September and December beginning on  12/30/2013Quarterly Interest   .50   Annual Interest   2.00Securities may be redeemed, at the issuers option, as early as 09/30/2016 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they…