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Date Issued  6-16-2015Shares Issued    4,600,000    Overallotment Shares    NoneS&P Rating   BB+   Moodys Rating   NRSecurity Ticker Symbol   VLY-A   OTC Temporary Ticker  VLNBPMarket Traded ON   NYSEDividend Payment Paid on the 30th of March, June, September and December beginning on 09/30/2015Quarterly Dividend   .391   Annual Dividend   1.5625From 6/30/2025 until the redemption date the dividend rate will be at a…

Well we are at the time when markets are on pins and needles (maybe this is how the market is poised on a regular basis) as we await a statement from the FED meeting on Wednesday afternoon. It is our feeling is that this statement might outweigh the statements of the last few meetings as Yellen has been bound and…

Most of us know that a high yield on a preferred stock usually equals high risk and the preferred shares of Greek container ship owner Box Ships (ticker:TEU) are no exception. Preferred issue TEU-C has a 11.3% current yield.Box Ships is a tiny container ship owner (9 ships) that is also pretty tiny in terms of revenue with only $12.9…

Date Issued  5/20/2015Shares Issued  2,200,000   Overallotment Shares   330,000S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   DSXN  Market Traded ON   NYSEInterest Payment Paid on the 15th of February, May, August and November beginning on 05/15/2015Quarterly Interest   .5313   Annual Interest   2.125Securities may be redeemed, at the issuers option, as early as 05/15/2017 for a redemption price of $25/share plus…

Again talks between Greece and their creditors have ended with no progress whatsoever.  After talks collapsed last week they were restarted on Sunday only to end with the same result---zilch.  With almost 2 weeks to go to the deadline there will be nothing serious proposed by the Greeks until the last minute--and then a interim agreement of a worthless nature…