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S&P Rating  A-Security Ticker Symbol   ELAMarket Traded ON   NYSEInterest Payment Paid on the 15th of March, June, September and December beginning on 3/15/2011Quarterly Interest   .367   Annual Interest   1.469Securities may be redeemed, at the issuers option, as early as 11/23/2015 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions.  Payments are interest (not dividends) thus they do not qualify…

We are reviewing our portfolios this weekend and considering some moves for next week.  You know that we prefer to buy and hold forever--but this isn't necessarily the way to maintain and grow our profits.  Specifically we a trying to determine if we should harvest some profits--and if we do what do we do with the proceeds (you can't win…

Some recent notes from readers.Mike asks how he can find credit ratings for the Triangle Capital 6.375% Senior Notes (ticker:TCCB).  There is no rating for this baby bond.  A majority of the baby bonds are unrated so you simply have to do a bit of an analysis on Triangle Capital (TCC) to determine the risk.  On Seeking Alpha we would…

Utilities and REITs were hammered strongly yesterday even though interest rates moved up only a tiny amount. MLPs hung in there as energy prices moved a bit higher even as crude oil inventories moved up 8.2 million barrels in the last week.With the DJIA off by 293 points and economic data very soft there seems to be a possibility that…

Specialty insurer National General Holdings Corp has priced a new preferred offering of preferred stock at 7.50%. Since National General Holdings is an insurer the shares are non-cumulative and have the typical 5 year to the optional redemption period in 2020.Since these shares are perpetual we will not purchase this issue at this time.Shares trade tomorrow (Wednesday) on the OTC Grey market…