Featured Articles
Banc of California Inc. 7.375% Non Cumulative Perpetual Preferred Stock, Series D
Tim McPartland | April 1, 2015
Date Issued 3/31/2015Shares Issued 4,000,000 Overallotment Shares 600,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol BANC-D OTC Temp Ticker BLBLP Market Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 06/15/2015Quarterly Dividend .461 Annual Dividend 1.84Securities may be redeemed, at the issuers option, as early as 06/15/2020 for…
GasLog LTD Sells a Tasty 8.75% Cumulative Preferred
Tim McPartland | March 31, 2015
GasLog LTD (ticker:GLOG) has sold a new preferred offering that began trading on the OTC Grey market today.GasLog is a LNG (Liquified Natual Gas) ship owner and has a decent free cash flow.While we are not a long term buyer of this issue for those looking for a higher yielding issue this one is not too bad.Details of the issue are here.Information…
New Seeking Alpha Article on Investment Grade Baby Bonds
Tim McPartland | March 31, 2015
We have published a new article on Seeking Alpha dealing with just Investment Grade Baby Bonds ($25 exchange traded debt).The article is here (free Seeking Alpha registration required for the full article).This article continues a discussion we started when we wrote an article on reducing volatility by using baby bonds (shorter term duration) at this article here on Seeking Alpha.
GasLog LTD 8.75% Series A Cumulative Redeemable Perpetual Preference Shares
Tim McPartland | March 30, 2015
Date of Issue - 3/30/2015Shares Sold 4,000,000 Over-allotment Shares 600,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol GLOG-A OTC Temp Ticker GKLGFCUSIP G37585117Market Traded ON NYSEDividend Payment Paid on the 1st of January, April, July and October beginning on 07/01/2015Quarterly Dividend .555 Annual Dividend 2.22Securities may be redeemed, at the issuers option, as early as…
Plans for The Week
Tim McPartland | March 30, 2015
We finally have time to outline some actions we plan to take this week.We have decided to harvest profits tomorrow (Tuesday). We are selling 3 issues we hold and all 3 are profitable positions, although only 2 are true 'harvesting' of profits.1st off we are selling the Resource Capital 8.25% cumulative preferred (ticker:RSO-B). This is not a true harvesting of…