Featured Articles
Endurance Specialty Holdings LTD 6.35% Non Cumulative Preferred Share, Series C
Tim McPartland | November 18, 2015
Date Issued 11/17/2015Shares Sold 8,000,000 Overallotment Shares 1,200,000S&P Rating BBB- Moodys Rating Ba1S&P Rating is investment grade Moodys rating is 1 step under investment grade.Security Ticker Symbol ENH-C OTC Temp Ticker ENHFFMarket Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 03/15/2016Quarterly Dividend .397 Annual Dividend 1.588Securities may…
United States Cellular Sells Senior Notes Maturing in 2064
Tim McPartland | November 17, 2015
A smallish U.S. cellular provider, United States Cellular (ticker:USM), did something more typical of the the telecommunications industry big boys by selling senior notes.These so-called "baby bonds," priced at $25/share for 7.25% Senior Notes, have a standard optional redemption period starting in 2020. But the bonds offer an unusually long maturity date that is way out to 12/1/2064.This issue is…
United States Cellular Corporation 7.25% Senior Notes due 2063
Tim McPartland | November 17, 2015
S&P Rating BB Moodys Ba1 Security Ticker Symbol UZBMarket Traded ON NYSEInterest Payment Paid on the 1st of March, June, September and December beginning on 03/1/2015Quarterly Interest .453 Annual Interest 1.813Securities may be redeemed, at the issuers option, as early as 12/8/2019 for a redemption price of $25/share plus accrued interestInterest Payment Will NOT be Qualified Distributions. Payments are interest (not dividends) thus they…
United States Cellular Corp 7.25% Senior Notes due 2064
Tim McPartland | November 17, 2015
Issued Date 11/16/2015Shares Sold 12,000,000 Overalltoment Shares 0S&P Rating BB Moodys Ba1 This issue is 1 step under investment grade.Security Ticker Symbol UZCMarket Traded ON NYSEInterest Payment Paid on the 1st of March, June, September and December beginning on 03/1/2016Quarterly Interest .453 Annual Interest 1.813Securities may be redeemed, at the issuers option, as early as 12/1/2020 for a redemption price of…
Recapping Recent Income Issue News
Tim McPartland | November 15, 2015
The Yield HunterRecapping the important news in income securities in the last week. New issues, bankruptcies and major movers. We wrote a Baby Bond Primer article last week for investors who are new to the income investing arena New Issues in the last week of Preferred Stocks and Exchange Traded Debt (ETD)The last week or two have been relatively quiet in the…