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As we have been noting we have been watching for bargains and earlier today added more shares of Independence Realty Trust (ticker:IRT).  The model held 500 shares and we have added another 300 at a price of $9.54.  We bought 300 in our personal account as well (we had previously liquidated our personal position at much higher price levels).  We…

Atlas Resource Partners LP, a oil and gas exploration and production partnership, will be selling a new perpetual preferred issue.We do not have the details of the issue at this point in time, but we believe the coupon will come in the 8% range.These units will likely generate a K-1 for tax season.Preliminary details are here. 

Date of Issue  -  9/25/2014Units Sold  3,200,000   Over-allotment Shares  480,000S&P Rating   NR    Moodys Rating   NRSecurity Ticker Symbol   ARP-D   OTC Temp Ticker   ARPPMarket Traded ON   NYSEDividend Payment Paid on the 15th of January, April, July and October beginning on 01/15/2015Quarterly Dividend   .539    Annual Dividend   2.156Securities may be redeemed, at the issuers option, as early as 10/15/2019 for…

Qwest Corporation, a division of CenturyLink, is offering a investment grade note.This issue is rated low investment grade and carries a coupon of 6.875%.  This coupon is 3/4% above the coupon that was necessary to sell the notes issued in May, 2013.It is noted that these notes do not mature until 2054--which is a non starter for us since we…

Date Issued   9/25/2014Shares Issued   20,000,000      Overallotment Shares  3,000,000S&P Rating  BBB-   Moodys Rating   Baa3LOW INVESTMENT GRADESecurity Ticker Symbol   CTVMarket Traded ON   NYSEInterest Payment Paid on the 1st of January, April, July and October beginning on 01/02/2015Quarterly Interest   .43   Annual Interest   1.719Securities may be redeemed, at the issuers option, as early as 10/01/2019 for a redemption price of…