Featured Articles
BDC Gladstone Investment Prices a Term Preferred Issue
Tim McPartland | November 5, 2014
Business Development Company Gladstone Investment (ticker:GAIN) has priced a new Term Preferred issue with a mandatory redemption date of 12/31/2021.This issue will carry a coupon of 6.75% and is an unrated issue.Dividends will be paid monthly.Details of the issue are here.While Gladstone Investment Corp is not a quality BDC we will be buying this issue for the model. Remember that BDC's must…
Gladstone Investment Company 6.75% Series B Cumulative Term Preferred Stock
Tim McPartland | November 5, 2014
Date Issued 11/6/2014Shares Offered 1,440,000 Overallotment Shares 216,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol GAINO OTC Ticker GDVPPMarket Traded ON NASDAQDividend Payment Paid on the last day of the month beginning on 12/31/2014Monthly Dividend .141 Annual Dividend 1.6875Securities may be redeemed, at the issuers option, as early as 12/01/2017 the call price…
The REDDEST Day of the Year for MLP’s
Tim McPartland | November 5, 2014
November 4, 2014 4:20 pmWhile the overall equity markets were rather tame today the MLP's got absolutely slaughtered. Interest rates today wiggled around a little, but had no move worthy of a mention.In the MLP's the oil producers got hammered as well as those that provide goods and services to the drillers. In particular the Frac Sand suppliers got…
Oil Prices Plunge
Tim McPartland | November 4, 2014
Overnight and this morning prices for crude oil are plunging. 2 weeks ago $80/barrel was a key level for West Texas Intermdiate crude, but yesterday as prices dropped below that level MLP's barely reacted. This morning prices have been as low as $76.50--a huge $3/barrel drop. We shall see how the oil related issues react today.One item you can be…
