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It is remarkable how the equity markets have moved higher in the last 2 days--goes to show what 'emotions' do to prices.  Basically nothing has changed since last week, but as we mentioned 'time' lowers visibility of issues such as ebola and with no new cases in the U.S. the perception is that it has gone away.  Perception is reality.For…

Shopping center REIT Urstadt Biddle Properties (ticker:UBP) has announced a new preferred offering.  UBP is a relatively good quality company which while shopping center focused also holds a numerous free standing retail buildings.The company will use the proceeds to redeem their 7.50% preferred issue (UBP-D).  It has been about 2 years since UBP has brought an issue to market and…

Date Issued  10/22/2014Shares Issued    2,800,000        Overallotment Shares   200,000S&P Rating   NR    Moodys Rating   NRSecurity Ticker Symbol   UBP-G   OTC Temp Ticker  UTDBPMarket Traded ON   NYSEDividend Payment Paid on the last day of January, April, July and October beginning on 01/31/2015Quarterly Dividend   .422   Annual Dividend   1.6875Securities may be redeemed, at the issuers option, as early…

October 20, 2014   3:30 pmAfter a wild ride last week markets seemed 'relatively' quiet today.  The S&P 500 moved up nicely while the Dow didn't--because of IBM.  The Ebola situation is for the moment on the back burner.  This situation can change in an instant, but like all events as time passes the reactions become more muted.  Oil prices…

As noted yesterday a bounce in crude oil prices was a necessary requirement to get the income issues turned around--and today we got that bounce.  MLP's and preferred stocks of energy issues jumped big time.  While common stocks in general had trouble moving higher we are not affected much as we hold few common stocks.The junkier preferreds of Miller Energy,…