Featured Articles
General Finance Corporation 8.125% Senior Notes Due 2021
Tim McPartland | June 24, 2014
Date Issued 6/18/2014Shares Issued 2,520,000 Overallotment Shares 360,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol GFNSLMarket Traded ON NASDAQInterest Payment Paid on the last day of January, April, July and October beginning on 7/31/2014Quarterly Interest .508 Annual Interest 2.03Securities may be redeemed (up to 35% of the total), at anytime. Prior to 07/31/2017 the redemption price…
Goldilocks Markets Continue
Tim McPartland | June 24, 2014
June 23, 2014 10:30 pmWe could say these markets are 'boring'---and they kind of are, but in general 'boring' is good for us. It is pretty nice really just collecting dividends without having to worry about skyrocketing interest rates (and corresponding falling income stocks). We are starting to get complacent---dangerous--dangerous. Sitting back and thinking this is how the markets will…
Tweak, Tweak, Tweak
Tim McPartland | June 23, 2014
June 20, 2014 8:25 amWe have made a number of adjustments in the model this week which are consistent with trying to shorten maturities while not hurting our income by a bunch.We have sold 2 preferred issues. We sold Boston Private Bancorp 6.95% preferred (ticker:BPFHP) as we had a good gain and the current yield was just under 7%. We…
Looking a Little Deeper into Capitala Finance
Tim McPartland | June 18, 2014
Looking a Little Deeper into Capitala FinanceJune 17, 2014 8 pmWith the discovery of Capitala Finance Corp (they came public in late September, 2013, but we just noticed them with a note from a reader) and now a new debt issue that we have an interest in we decided to look a little deeper into the company.Capitala Finance (ticker:CPTA) is a Business…