Featured Articles
New MLP Shell Midstream Partners LP Zooms on 1st Day
Tim McPartland | October 29, 2014
Shell Midstream Partners LP (ticker:SHLX) began trading today. The shares were IPO'ed at $23 for 40,000,000 shares (plus 6,000,000 overallotment shares). The original guesstimated range for the offering was $19-21/unit. Shares rocketed higher and closed today at $33.55.Now it is fine if folks want to buy this issue--but you are buying a MLP that pays a damned meager distribution--slated to…
Social Security Disability Will Go Bust In 2016—-Unless Work Incentives Are Restored
Tim McPartland | October 29, 2014
Capital One Financial Sells a Preferred Issue-Update
Tim McPartland | October 29, 2014
Capital One Financial has sold a 6.70% non-cumulative perpetual preferred stock. As is normal for us at this time we have no interest in perpetual preferreds--and of course being a bank the shares are not cumulative.OTC trading ticker has not yet been announced but details of the issue are here.Thanks to reader Domenico for the heads up on this issue.UPDATE -…
Capital One Financial 6.70% Non-Cumulative Perpetual Preferred Stock, Series D
Tim McPartland | October 29, 2014
Date Issued 10/28/2014Shares Issued 20,000,000 Overallotment shares 0S&P Rating BB Moodys Rating Ba1Security Ticker Symbol COF-D OTC Temporary Ticker CPFLPMarket Traded ON NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 3/01/2015Quarterly Dividend .419 Annual Dividend 1.675Securities may be redeemed, at the issuers option, as early as 12/01/2019 for a redemption price…
