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Smaller usptream MLP Mid-Con Energy (ticker:MCEP) has slashed their distribution by 80% today (we have updated our spreadsheets).  This cut is deeper than the approximate 50-55% cuts announced recently from other upstream companies. In our opinion the survivors will cut deep and cut early--those that are dragging their feet on cuts are playing with fire as they are spending their…

Harvest Capital Credit Corporation (a BDC) (ticker:HCAP) has priced a note issue with a 7% coupon.Remember that debt of BDC's requires that the company maintain a asset coverage ratio of 200% on their debt.  This gives an added level of safety to the offering.This issue matures in 2020 so it is a relatively short duration.While we have not yet reviewed…

Date Issued   1/23/2015Shares Issued  1,000,000    Overallotment Shares  100,000S&P Rating  NRSecurity Ticker Symbol   HCAPLMarket Traded ON   NASDAQInterest Payment Paid on the 16th of January, April, July and October beginning 4/16/2015Quarterly Interest   .438   Annual Interest   1.75Securities may be redeemed, at the issuers option, as early as 01/16/2017 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions.  Payments are…

Diversified energy infrastructure REIT CorEnergy Infrastructure Trust (ticker:CORR) has announced a new cumulative, redeemable preferred stock offering.The coupon on this issue is 7.37% and it will be a 2 million shares offering.  The ticker symbol for OTC grey market has not been announced as of a few minutes ago.This is a REIT offering and as such will not pay qualified…

Date Follow On Issue  4/12/2017 Follow On Shares 2,000,000 All terms and condition of the follow on shares are the same as the original issue Date Issued  1/22/2015 Shares Sold  2,200,000   Overallotment Shares  300,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   CORR-A   OTC Temporary Ticker  CRGYP CUSIP  21870U304 Market Traded ON   NYSE Dividend…