Featured Articles
Capital One Financial 6.20% Non Cumulative Perpetual Preferred Stock, Series F
Tim McPartland | August 18, 2015
Date Issued 8/17/2015Shares Issued 20,000,000 Overallotment shares 3,000,000S&P Rating BB+ Moodys Rating Baa3Security Ticker Symbol COF-F OTC Temp Ticker CPTFPMarket Traded ON NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2015Quarterly Dividend .3875 Annual Dividend 1.55Securities may be redeemed, at the issuers option, as early as 12/01/2020 for a redemption price…
Recent Trends in Preferreds and Baby Bonds Continue
Tim McPartland | August 17, 2015
The stock market recently has been bobbing up and down by a 1/2% or so each day going nowhere to speak of--which pretty much mirrors the economy in the U.S. Seems like we are pretty much settling into an economic 'funk'--or maybe it is just the dog days of summer. With our portfolios pretty much locked into issues that we…
National General Holdings Sells a Baby Bond Issue
Tim McPartland | August 16, 2015
Insurance company National General Holdings has sold a new $25 baby bond offering.Details of the offering are here.This issue will likely NOT trade on the OTC market prior to NASDAQ trading. The exact date when shares will begin trading is not known--sometime in the next 2 weeks is probable.National General Holdings has 2 outstanding perpetual preferreds with similar coupons--these new…
National General Holdings Corp 7.625% Subordinated Notes Due 2055
Tim McPartland | August 16, 2015
Date Issued 8/18/2015Shares Issued 4,000,000 Overallotment Shares 600,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol NGHCZ OTC Temp Ticker - Likely will not trade OTCMarket Traded On NASDAQInterest Payment Paid on the 15th of March, June, September and December beginning on 12/15/2015Quarterly Interest .477 Annual Interest 1.906Securities may be redeemed, at the issuers option, as early as 9/15/2020 for a redemption price…
Digital Realty Trust Sells a New Preferred
Tim McPartland | August 14, 2015
Large data center owner Digital Realty Trust (ticker:DLR) has sold a new investment grade cumulative preferred offering.Details of the offering are here.This issue will begin to trade on the OTC grey market today or MondayIf you are unaware of how to buy preferred stocks at 'wholesale' prices on the OTC market you can get the details here .Digital Realty Trust has 4 other…