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September 25, 2014  5 pmMLP Atlas Resource Partners LP has priced the preferred issue we wrote about yesterday at a lofty 8.625%.Finalized details of the issue are here.UPDATEIssue trades Monday under the OTC Temp Ticker of ARPP.

As we have been noting we have been watching for bargains and earlier today added more shares of Independence Realty Trust (ticker:IRT).  The model held 500 shares and we have added another 300 at a price of $9.54.  We bought 300 in our personal account as well (we had previously liquidated our personal position at much higher price levels).  We…

Atlas Resource Partners LP, a oil and gas exploration and production partnership, will be selling a new perpetual preferred issue.We do not have the details of the issue at this point in time, but we believe the coupon will come in the 8% range.These units will likely generate a K-1 for tax season.Preliminary details are here. 

Date of Issue  -  9/25/2014Units Sold  3,200,000   Over-allotment Shares  480,000S&P Rating   NR    Moodys Rating   NRSecurity Ticker Symbol   ARP-D   OTC Temp Ticker   ARPPMarket Traded ON   NYSEDividend Payment Paid on the 15th of January, April, July and October beginning on 01/15/2015Quarterly Dividend   .539    Annual Dividend   2.156Securities may be redeemed, at the issuers option, as early as 10/15/2019 for…

Qwest Corporation, a division of CenturyLink, is offering a investment grade note.This issue is rated low investment grade and carries a coupon of 6.875%.  This coupon is 3/4% above the coupon that was necessary to sell the notes issued in May, 2013.It is noted that these notes do not mature until 2054--which is a non starter for us since we…