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Giant Global Banker JPMorgan Chase has sold a new non cumulative preferred stock offering.Details of the offering are here.This issue will begin to trade on the OTC grey market tomorrow (Friday)JPMorgan Chase has 6 earlier preferred issues currently trading.  It is always good to check how the current issues are trading prior to making a decision on whether the new issue is superior…

Date Issued   7/23/2015Shares Issued  44,000,000  Overallotment Shares  6,600,000S&P Rating   BBB-   Moodys Rating   Baa3Low Investment Grade at IssueSecurity Ticker Symbol   JPM-H    OTC Temp Ticker  JMPRPMarket Traded ON   NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2015Quarterly Dividend   .384  Annual Dividend  1.5375Securities may be redeemed, at the issuers option, as early as 09/01/2020 for a redemption price of $25/share plus accrued…

When the year began we had stated that the year was likely to be a difficult one for income investors as we fought with the negative affects of rising interest rates.  After stellar performance through the first couple of months of the year, with our Blended Model Portfolio up as much as 4.7% as interest rate increases were continually pushed…

7/24/2015  10 amEtre REIT has postponed (we think cancelled would be a better word) their offering of the State Street Boston building which we wrote about below.The concept of a 1 building REIT might have been a good idea back in 2007 or a time when crazy people bought anything, but given that folks actual would like to make money…

Yesterday we took time to take a look at Dynagas LNG Partners (ticker:DLNG) in conjunction with their offering of a new preferred stock (which started trading today).  Dynagas is just 1 of 2 pure play LNG ocean shipping MLP's--the other is Gaslog Partners LP (ticker:GLOP) which we will look at now.Not unlike DLNG, Gaslog Partners is a fairly small company…