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Date Issued   6/16/2014Shares Issued  4,000,000     Overallotment Shares  600,000S&P Rating   NR    Moodys Rating   NRSecurity Ticker Symbol   CLA   Market Traded ON   NYSEInterest Payment Paid on the 16th of March, June, September and December beginning on 9/16/2014Quarterly Interest   .445   Annual Interest   1.781Securities may be redeemed, at the issuers option, as early as 06/17/2017  the call price is $25 plus…

June 12, 2014  11 pmColony Financial Corp (a specialty finance REIT) has priced a cumulative preferred issue.  The issue has a 7.50% coupon, which we believe is too low for this particular REIT.  Colony issued preferreds 2 years ago at 8.50% and while we have not dug real deep into Colony Financials recent 10q's we think it is unlikely that…

Formerly Colony Capital Date Issued   6/19/2014 Shares Issued  3,000,000     Overallotment Shares  450,000 S&P Rating   NR    Moodys Rating   NR Security Ticker Symbol   CLNS-G   OTC Temporary Ticker   CNYPP Market Traded ON   NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2014 Quarterly Dividend   .4688   Annual Dividend   1.875 Securities…

June 12, 2014  10 amThere are 2 new issues trading today on the OTC grey market.Capital One Financial has issued a barely investment grade non cumulative issue at 6.25%.  All of the details are here.Legacy Reserves LP has issued another series of their 8% fixed to floating rate preferred (they had just issued a like series a couple months ago).  Details of…