Featured Articles
Bank of America Corporation 6.50% Non Cumulative Preferred Stock Series Y
Tim McPartland | January 21, 2015
Date Issued 1/20/2015Shares Sold 40,000,000 Overallotment Shares 4,000,000S&P Rating BB Moodys Rating Ba3Security Ticker Symbol BAC-Y Temporary OTC Ticker BKMRPMarket Traded ON NYSEDividend Payment Paid on the 27th of January, April, July and October starting on April 27, 2015 Quarterly Dividend .406 Annual Dividend 1.625Securities may be redeemed, at the issuers option, as early as…
Reviewing Buying ‘Wholesale’ on the OTC
Tim McPartland | January 20, 2015
We had a note from a reader today about buying new preferred issues on the Over the Counter market (OTC) prior to regular trading on the NYSE or NASDAQ. In the case of reader Ray his problem is more about getting a order entered with his brokerage firms. Ray uses both Fidelity and Vanguard.1st off to trade a new issue…
Gabelli Healthcare and Wellness 5.875% Series B Cumulative Preferred Stock
Tim McPartland | January 20, 2015
Date Issued 9/14/2014Shares Issued 1,400,000 Overallotment Shares NoneS&P Rating NR Moodys Rating A2Security Ticker Symbol GRX-BMarket Traded ON NYSEDividend Payment Paid on the 26th of March, June, September and December beginning on 12/26/2014Quarterly Dividend .367 Annual Dividend 1.469Securities may be redeemed, at the issuers option, as early as 09/24/2019 for a redemption price of $25/share plus accrued dividendsDividend…
Stand Clear of Energy Issues
Tim McPartland | January 20, 2015
As always we continue to research and read information relative to crude oil and natural gas and we can't find even a hint of a reason for energy prices to move higher from here.We also know that many investors--even those that call themselves 'conservative income investors' are trying to pick bottoms in either the preferred shares of energy issues or in…
Planning Ahead for The Coming Investment Week
Tim McPartland | January 19, 2015
Normally on a Sunday night we ponder what, if anything, we need to do with our investment accounts for the coming week--this week it is Monday night as we had the market holiday today.We had mentioned in our article on Tortoise Energy Infrastructure preferred yesterday that we would be moving a chunk of cash into TYG-B tomorrow--and we will be doing just…