Featured Articles

Colony Northstar (a REIT) Series B 7.50% Cumulative Redeemable Perpetual Preferred Stock

Tim McPartland | June 12, 2014
Formerly Colony Capital Date Issued   6/19/2014 Shares Issued  3,000,000     Overallotment Shares  450,000 S&P Rating   NR    Moodys Rating   NR Security Ticker Symbol   CLNS-G   OTC Temporary Ticker   CNYPP Market Traded ON   NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2014 Quarterly Dividend   .4688   Annual Dividend   1.875 Securities…

2 More New Issue Preferreds

Tim McPartland | June 12, 2014
June 12, 2014  10 amThere are 2 new issues trading today on the OTC grey market.Capital One Financial has issued a barely investment grade non cumulative issue at 6.25%.  All of the details are here.Legacy Reserves LP has issued another series of their 8% fixed to floating rate preferred (they had just issued a like series a couple months ago).  Details of…

Global Economy at Risk with Potential Iraq Government Overthrow

Tim McPartland | June 12, 2014
June 11, 2014  11 pmInvestors need to be paying close attention to the unfolding events in Iraq as any sense of organized government crumbles and 3,500,000 barrels of daily oil production are at risk.  At the risk of sounding selfish, while people are being slaughtered in Iraq, 3.5 million barrels of oil represents 5% of global production--we don't have 1…

Capital One Financial 6.25% Non Cumulative Perpetual Preferred Stock – Series C

Tim McPartland | June 11, 2014
Date Issued   6/12/2014Shares Issued  20,000,000  Overallotment shares  0S&P Rating   BB+   Moodys Rating   Baa3Security Ticker Symbol   COF-C   OTC Temporary Ticker   CONFPMarket Traded ON   NYSEDividend Payment Paid on the 1st of March, June, September and December beginning on 9/01/2014Quarterly Dividend   .3906   Annual Dividend   1.5625Securities may be redeemed, at the issuers option, as early as 09/01/2019 for a redemption…

Legacy Reserves LP 8% Fixed to Floating Rate Cumulative Redeemable Preferred-Series B

Tim McPartland | June 11, 2014
Date Issued   6/12/2014Shares Issued 7,000,000  Overallotment shares   1,050,000S&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   LGCYO  OTC Temp Ticker  LRPSPMarket Traded ON   NASDAQDividend Payment Paid on the 15th of each month beginning on 05/15/2014Monthly Dividend   .167  Annual Dividend   2.00After 6/15/2024 the dividend rate will be floating at 5.256% plus 3 month libor.Securities may be redeemed,…
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