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…
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