Featured Articles
Income Issues Trade Near Record Highs
Tim McPartland | July 14, 2014
Prices of virtually all income securities were trading very close to record highs at Fridays close--preferreds and exchange traded debt within just basis points of new highs, REITs at new highs and MLPs a couple percentage points off of a new high number.The 10 year treasury traded down--and as we expressed last week we see no obvious reason why rates…
FX Energy 9.25% Series B Cumulative Convertible Preferred Stock
Tim McPartland | July 10, 2014
Date Issued - 7/10/2014Shares Issued 800,000 Over-allotment Shares 120,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol FXENP OTC Ticker--none yet announcedMarket Traded ON NASDAQDividend Payment Paid on the last day of January, April, July and October beginning 10/31/2014Quarterly Dividend .578 Annual Dividend 2.3125Securities may be redeemed, at the issuers option, as early as 07/17/2017 the call…
FX Energy Sells a Convertible Preferred
Tim McPartland | July 10, 2014
July 10, 2014 7:16 pmTiny energy exploration and production company FX Energy (ticker:FXEN) is selling a 9.25% Convertible Preferred issue. This issue while perpetual holds some interest for us.FX Energy is an interesting play in that their main focus area is in Poland---yes really--Poland. While headquartered in Salt Lake City they hold leases on 2.3 million acres in Poland and just released results…
