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July 1, 2014  5 pmNavios Maritime Holdings (ticker:NM)  has priced a new preferred issue.  The issue priced at a coupon of 8.625% -- the issue is cumulative and perpetual.Navios is a fairly large  dry bulk ship owner.  Like most of the ship owning companies the financials for Navios are somewhat dicey (this is a low quality issue).  Additionally, like almost…

Date Issued  07/02/2014Shares Issued  4,200,000   Overallotment Shares  630,000S&P Rating  NR   Moodys Rating   NRSecurity Ticker Symbol   NM-H    OTC Temporary Ticker  NMHDFMarket Traded ON   NYSEDividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2014Quarterly Dividend   . 536  Annual Dividend   2.156Securities may be redeemed, at the issuers option, as early as 07/08/2019 for a redemption price…

Issue 6/26/2014    Shares Issued  2,800,000   Overallotment Shares  420,000 S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   SB-D    OTC Temporary Ticker  SBFKFMarket Traded ON   NYSEDividend Payment Paid on the 30th of January, April, July and October beginning on 10/30/2014Quarterly Dividend   .50   Annual Dividend   2.00Securities may be redeemed, at the issuers option, as early as 6/30/2019 for a redemption price…

June 27, 2014  11:30 amInsurance company AmTrust Financial Services has sold a new issue of 7.25% preferred stock.  Of course being a financial company the issue is non cumulative.  We do not have interest in this issue at this time as we are not looking for more 'perpetual' preferreds.The issue has begun trading today on the OTC market under the…

June 24, 2014  10:30 pmThere are a couple new issues in the last week that we have not posted so better get to it.1st is a Senior Note issue from General Finance Corp (ticker:GFN).  General Finance sells and leases containers (storage, shipping, liquid and all sorts of containers).  The company has been around since 2005 and while just moderately profitable…