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AmTrust Financial Services 7.25% Non Cumulative Preferred Stock – Now Trading

Tim McPartland | June 30, 2014
June 27, 2014  11:30 amInsurance company AmTrust Financial Services has sold a new issue of 7.25% preferred stock.  Of course being a financial company the issue is non cumulative.  We do not have interest in this issue at this time as we are not looking for more 'perpetual' preferreds.The issue has begun trading today on the OTC market under the…

A Couple More New Issues

Tim McPartland | June 27, 2014
June 24, 2014  10:30 pmThere are a couple new issues in the last week that we have not posted so better get to it.1st is a Senior Note issue from General Finance Corp (ticker:GFN).  General Finance sells and leases containers (storage, shipping, liquid and all sorts of containers).  The company has been around since 2005 and while just moderately profitable…

AmTrust Financial Services 7.25% Non Cumulative Preferred Stock – Series B

Tim McPartland | June 27, 2014
Date Issued  6/26/2014 Shares    4,000,000   Overallotment Shares   600,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   AFSI-B   OTC Temp Ticker  AMTFP Market Traded ON   NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2014 Quarterly Dividend   .453  Annual Dividend   1.8125 Securities may be redeemed, at the…

National General Holdings Corp 7.50% Non Cumulative Preferred Stock-Series A

Tim McPartland | June 24, 2014
Date Issued 6/20/2014Shares Issued  2,200,000  Overallotment Shares  330,000S&P Rating   NR   Moodys Rating   NR    AM Best   bb (High Grade Junk Rating)Security Ticker Symbol   NGHCP   OTC Temp Ticker  NGHNP   Market Traded ON   NASDAQDividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2014Quarterly Dividend   .469   Annual Dividend   1.875Securities may be redeemed, at…
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