Featured Articles
Tweak, Tweak, Tweak
Tim McPartland | June 23, 2014
June 20, 2014 8:25 amWe have made a number of adjustments in the model this week which are consistent with trying to shorten maturities while not hurting our income by a bunch.We have sold 2 preferred issues. We sold Boston Private Bancorp 6.95% preferred (ticker:BPFHP) as we had a good gain and the current yield was just under 7%. We…
Looking a Little Deeper into Capitala Finance
Tim McPartland | June 18, 2014
Looking a Little Deeper into Capitala FinanceJune 17, 2014 8 pmWith the discovery of Capitala Finance Corp (they came public in late September, 2013, but we just noticed them with a note from a reader) and now a new debt issue that we have an interest in we decided to look a little deeper into the company.Capitala Finance (ticker:CPTA) is a Business…
Federal Agricultural Mortgage Series C 6% Non Cumulative Fixed to Floating Preferred
Tim McPartland | June 17, 2014
S&P Rating NR Moodys Rating NRSecurity Ticker Symbol AGM-CMarket Traded ON NYSEDividend Payment Paid on the 17th of January, April, July and October beginning on 10/17/2014Quarterly Dividend .375 Annual Dividend 1.50Shares will be fixed rate until 7/18/2024 and then floating at a rate of 3 month libor plus 3.26%Securities may be redeemed, at the issuers option, as early as 07/18/2024 for…
Capitala Finance Sells a Debt Issue
Tim McPartland | June 17, 2014
June 16, 2014 2:27 pmCapitala Finance (a Business Development Company) has sold a 7.125% note issue. We are interested in these as they have a short maturity date of 2021 (this tends to take some volatility out of the issues during interest rate moves).Capitala Finance has kind of flown under the radar - we don't have it on our BDC…
