Featured Articles
Yellen Rescues the Markets Again–From What?
Tim McPartland | February 25, 2015
Well again the FED comes to the rescue of a market that does not need help. Honestly she is irritating us more and more. We think the market will take care of interest rates--and if they move slowly higher we are fine with that--in fact we wouldn't mind being able to lock down some quality issues at higher yields. Oh…
Farm Economy Softens Further
Tim McPartland | February 24, 2015
Residing in the midwest we always keep our eyes on the farm economy--it really is the lifeblood of many states.Additionally we have watched newer farm land REIT Farmland Partners (ticker:FPI) closely. We have had a real problem with the way this REIT is set up and with what we perceive to be sketchy financials as well as less then forthright…
Plenty to Worry About, But Stable Markets Continue
Tim McPartland | February 23, 2015
The last week has seen plenty of news out there that could rile the markets, both stocks and bonds, but all in all income securities are hanging in there. The 10 year treasury yield has moved in a very nice manner--very friendly to preferred stocks--we hope that rate movements remain tame (we don't care if they go up--we just hope…
Housekeeping – Reader Notes
Tim McPartland | February 21, 2015
Abrahim E let us know that we had the wrong 1st call date on the new Wells Fargo Real Estate Preferred shares. He is correct that we had it wrong on the alphabetical page, but it was correct on the other pages as well as the recap page. We have corrected the page in error.Stanley thinks that the Entertainment Properties…
JPMorgan Chase & Co Depositary Shares, 6.30% Non-Cumulative Preferred Stock Series W
Tim McPartland | February 20, 2015
Issue Date 6/16/2014Shares Issued 34,000,000 Overallotment Shares 5,100,000S&P Rating BBB Moodys Rating Ba1Security Ticker Symbol JPM-EMarket Traded ON NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 09/01/2014Quarterly Dividend .394 Annual Dividend 1.575Securities may be redeemed, at the issuers option, as early as 09/01/2019 for a redemption price of $25/share plus accrued dividendsDividend Payment Will…