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WinTrust Financial (ticker:WTFC)), a Chicago area banking company, has sold a fixed to floating rate preferred issue.  These fixed to floating rate issues are getting to be quite popular with the banking companies, although we believe they are not necessarily positive to the investing public.With fixed to floating rate issues the issuer is able to price these shares at 1/2%…

Date Issued   06/22/2015Shares Issued  5,000,000  Overallotment Shares  NoneS&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   WTFCM    OTC Temp Ticker  WTRTPMarket Traded ON   NASDAQDividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2015Quarterly Dividend   .406  Annual Dividend  1.625Afteer July 15, 2025 the dividend rate will float at a rate of 4.06% plus 3 month libor reset quarterlySecurities…

The Yield Hunter was initially set up to do just 1 thing---provide information on income securities in a manner that might be helpful to the individual income investor.Keeping with our intent we have set up a new page of Preferred Stocks - Financials.  This page contains the $25/share issues of banks, insurance companies and some miscellaneous issues.This page is now live and…

Some sort of deal is likely to be worked out with Greece this week (most likely another kick the can down the road deal) and that liklihood has pushed stocks up and at the same time has pushed the 10 year treasury up by almost 4%--9 basis points.A Greece deal is just 1 more piece of the puzzle that will…

We noted yesterday that the various stock and bond markets were reading Yellen as 'dovish' when it comes to an interest rate hike in September and that we disagree--vehemently.  The 10 year treasury is trading at 2.27% today which is down from near 2.40% earlier in the week--we think that rates in the 2.40 or 2.50% level are likely more…