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July 2, 2015June was a quiet month for new issues in the income investing arena with just 4 issues coming to market. All are in the financial sector (banking and insurance).The 4 new issues for June are -- WinTrust Financial 6.50% fixed to Floating Rate Preferred Stock (unrated)Valley National Bank 6.25 Fixed to Floating Rate Preferred Stock (high Junk rated)AmTrust Financial…

July 3, 2015Enviva Partners L.P. (ticker:EVA) IPO'ed in May of this year. Since we are simple people we are drawn to companies like Enviva as their product is a simple one---wood pellets.  It is pretty easy to visualize scrap wood being processed into a uniform pellet which can be readily transported to end users all throughout the world. Enviva is a…

June was a difficult time for all income investors as interest rates gyrated around as the debate on whether the FED will raise the FED Funds rate in September, December or not until 2016.The 10 year treasury started the month at a low level of 2.10% and ended the month at 2.34%.  Movements based on when the FED would raise…

While the regular media is whining about the 'poor' employment numbers 223,000 is just below the concensus of 230,000 and in our minds keeps Yellen on track for a September rate hike (be mindful that we are wrong as much as we are right).  We realize that numbers for April and May were revised lower, but just the same Yellen…

Date Issued   6/12/2015Shares Issued  6,000,000   Overallotment  900,000S&P Rating NR            Moodys Rating    NRSecurity Ticker Symbol   AFSSMarket Traded ON   NYSEInterest Payment Paid on the 15th of March, June, September and December beginning on 09/15/2015Quarterly Interest   .453   Annual Interest   1.8125Securities may be redeemed, at the issuers option, as early as 6/18/2020 for a redemption price of $25/share plus…