Featured Articles
Housekeeping – Reader Notes
Tim McPartland | March 2, 2015
Some recent notes from readers.Dave asks about OTC Temp Ticker CHNPP. It is now trading under its permanent ticker of CHSCL (CHS 7.50% preferred) and is trading at $27.11. One could have bought it at the 'wholesale price' of $25.25 or so when it was first trading.Gary mentioned an issue we were not aware of Intl FCStone which has some 8.50% notes…
Wrapping Up February and Looking Forward to March
Tim McPartland | March 1, 2015
Well February was a good investing month for income investors. While REITs are experiencing a little indigestion, preferred stocks and exchanged traded debt performed well and now, just in the last couple of weeks, business development companies (BDC's) got turned around finally and recouped some of their recent losses.Our 2014 Model Portfolio - Blended Income (last years model which continues to run) moved…
Wrapping Up February and Looking Forward to March
Tim McPartland | March 1, 2015
March 1, 2015 6 pmWell February was a good investing month for income investors. While REITs are experiencing a little indigestion, preferred stocks and exchanged traded debt have done well and now, just in the last couple of weeks, business development companies (BDC's) got turned around finally and recouped some of their recent losses.Our 2014 Model Portfolio - Blended Income (last…
Are We Back to a Goldilocks Market?
Tim McPartland | February 27, 2015
Looking over the data (i.e. this morning GDP revision to 2.2% from earlier release of 2.6%) this week one has to now ponder once again if we are in a Goldilocks phase in the market (stocks and interest rates).GDP, employment and inflation all point to a scenario where the economy hums along at just a good enough pace to keep…
Intl FCStone Inc 8.50% Senior Notes Due 7/30/2020
Tim McPartland | February 26, 2015
Date Issued 7/15/2013Shares Issued 1,600,000 Overallotment Shares 240,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol INTLLCUSIP 46116V204 Market Traded ON NASDAQInterest Payment Paid on the 30th of January, April, July and October beginning on 10/30/2013Quarterly Interest .383 Annual Interest 1.531 Securities may be redeemed, at the issuers option, as early as 7/30/2016 for a redemption price of $25/share plus accrued dividendsInterest Payment Will NOT be a Qualified Distributions…