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Date Issued  9/11/2014 Shares    3,200,000   Overallotment Shares   480,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   AFSI-C   OTC Temp Ticker  AFSCP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 12/15/2014 Quarterly Dividend   .477  Annual Dividend   1.90625 Securities may be redeemed, at the…

September 9, 2014   9 pmAs happens all of the time when you think the 'coast is clear' it isn't and when you worry like hell--things turn out well.  That being the case we choose to worry like hell for the balance of the week (which should bring interest rates back down for us).So this week we have seen 2 days…

September 9, 2014   8:30 amFor those that have been following CHS (Cenex Harvest States) you  are aware that they were going to be offering more preferred stock soon--and they have priced a new offering of 19 million shares.This is a reset rate that is fixed at 6.75% until 2024 and then floating at 3 month libor plus 4.155%, but no…

Date Issued   9/8/2014Shares Issued  19,000,000   Overallotment Shares  2,850,000S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   CHSCM   OTC Temp Ticker  CSHPPMarket Traded ON   NASDAQDividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2014Quarterly Dividend   .4219  Annual Dividend   1.685Securities may be redeemed, at the issuers option, as early as 09/30/2024 for a…

Greek dry bulk shipper Paragon Shipping (ticker:RGN) issued Senior Notes last month which we announced on the 5th of August and they finally began trading last Friday. These notes have a coupon of 8.375% although it appears that trading began in the $22.50 area which implies a current yield of 9.3%. These notes mature in 2021 and this is the most…