Featured Articles
Miller Energy Resources 10.5% Fixed to Floating Cumulative Redeemable Preferred Stock
Tim McPartland | October 2, 2013
S&P Rating NR Moodys Rating NRSecurity Ticker Symbol MILL-DMarket Traded ON NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2013Quarterly Dividend .656 Annual Dividend 2.625On and after 12/1/2018 will float and the dividend will be 3 month libor plus 9.073% Securities may be redeemed, at the issuers option, as early as 12/01/2018 the call…
U.S. Royalty Trusts
Tim McPartland | September 29, 2013
U.S. Royalty Trusts are another 'pass through' vehicle available to get income from the corporation to the individual with only 1 level of taxation (the individual income tax). IN GENERAL Trusts have no employees Own no land or any other hard asset, except the right to receive either a percentage of net income or revenue from a production asset…
Credit Rating Info
Tim McPartland | September 29, 2013
[av_textblock size='' font_color='' color=''] Below are the definitions for the credit ratings used for Preferred Stocks and Exchange Traded Debt Issues S&P Investment Grade AAA, AA, A, BBB, BBB- Speculative Grade BB+, BB, B, CCC, CC, C, D> Moodys Investment Grade Aaa, Aa, A, Baa Speculative Grade Ba, B, Caa, Ca, C Moodys may add 1, 2 or…
OFG Bancorp 7.125% Non Cumulative, Perpetual Preferred Stock
Tim McPartland | September 27, 2013
S&P Rating NR Moodys Rating NRSecurity Ticker Symbol OFG-DMarket Traded ON NYSEDividend Payment Paid on the 15th of January, April, July, October starting 01/15/2013Monthly Dividend .443 Annual Dividend 1.781Securities may be redeemed, at the issuers option, as early as 11/15/2017 for a redemption price of $25/share plus accrued dividendsDividend Payment Likely Will be a Qualified DistributionsMaturity Date None Company…
Business Development Companies (BDC’s)
Tim McPartland | September 19, 2013
A Business Development Company (also known as a BDC) is a public corporation that invests in small and mid sized companies through the use of loans or in some cases equity. Typically the BDC is looking to invest in a company that will grow rapidly and profitably. Obviously the idea is to grow the investment. Generally the BDC makes loans…