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Here are some notes we have received from readers recently.Joans asks about the interest payment on the Cowen 8.25% exchange trade debt issue (ticker:COWNL). We can only report that theoffering documents and final term sheet state that the payment will be made on the 15th of January, April, July and October starting January 15th, 2015. If you are due a payment…

The latest preferred issue (7.50% coupon) from CHS has begun trading on the NASDAQ. The ticker is CHSCL.  We note that eTrade has their system updated to accept this ticker, but Fidelity did not have it set up so one will have to call if they want to order any shares.Shares are now trading at $25.85. As happens when shares…

Anworth Mortgage Asset Corporation, a mortgage REIT, has sold a new preferred stock offering.The coupon on the issue is 7.625% and since it is a REIT it is a non qualified dividend issue.  The issue is unrated.The issue will begin to trade on the OTC grey market starting tomorrow (Thursday) under the temporary ticker symbol ANWGP.Details of the offering are here.IMPORTANT NOTE--issue…

NOTE THAT SHARES ARE BEING ISSUED AT $24.50 (DISCOUNTED FROM $25) GIVING THEM AN EFFECTIVE YIELD OF 7.78% AT ISSUE PRICE. SEE PRICING DOCUMENT ON THE BOTTOM OF THIS PAGE.Will trade OTC on 1/22/2015 (Thursday).Date Issued  1/20/2015Shares Sold  300,000   Overallotment Shares  45,000S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   ANH-C   OTC Temporary Ticker  ANWGPMarket Traded…

Bank of America has sold a new preferred stock offering.The coupon on the issue is 6.50% and since it is a banking issue it is non cumulative.  The issue is rated BB by Standard and Poors and Ba3 by Moodys.The issue will begin to trade on the OTC grey market starting tomorrow (Thursday) under the temporary ticker symbol BKMRP.Details of the offering…