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Here we are again just 1/2% off the highs of the last 52 weeks in the DJIA (same for the S&P500).  With all of the potential issues in the world and corporate profits in the U.S. starting to flatten we have to believe that equity markets are at a high risk area.  All of the important news globally seems to…

Teekay Offshore Partners LP has sold a new preferred unit offering with a coupon of 8.50%.  Teekay is a MLP with tankers, shuttle tankers and other miscellaneous offshore services.While we are not fans of low quality issues we may take a personal quick position in this issue if it comes to market at or under par. The issue in theory…

Date Issued   4/14/2015Shares Issued  5,000,000  Overallotment Shares  750,000S&P Rating  NR   Moodys Rating  NRSecurity Ticker Symbol   TOO-B     Temp OTC Ticker  TKOPFMarket Traded ON   NYSEDividend Payment Paid on the 15th of February, May, August and November beginning on 8/15/2015Quarterly Dividend   .531   Annual Dividend   2.125Securities may be redeemed, at the issuers option, as early as 04/20/2020 for a redemption price of…

It is amazing that we would even ponder the question of "Where Do the Markets Go From Here"?  There has generally been no crystal ball that can 'call the market' on a week to week basis--when you believe the stock market should head lower, it doesn't and when you think interest rates should head one direction or the other, they…

REIT Colony Capital (ticker:CLNY) has sold a large preferred issue.  Coupon on the issue is 7.125% which in our opinion is too low as they have 2 issues outstanding with current yields of 7.32% and 8%.  The issue is perpetual and cumulative.Details of this issue are here.The issue will begin trading tomorrow on the OTC Grey market.