Featured Articles
Enerjex Resources 10% Cumulative Redeemable Preferred Stock
Tim McPartland | June 10, 2014
Date Issued - 6/20/2014Shares Issued 555,789 Over-allotment Shares 83,368S&P Rating NR Moodys Rating NRSecurity Ticker Symbol ENRJP (may be ENRJ.PR, ENRJ- or other depending on your broker)Market Traded ON NYSEDividend Payment Paid on the last day of each month beginning on 07/31/2014Monthly Dividend .208 Annual Dividend 2.50Securities may be redeemed, at the issuers option, as early as…
Allstate 6.25% Non Cumulative Preferred Stock (LEOPARDS)
Tim McPartland | June 9, 2014
Security Ticker Symbol ALL-F OTC Temporary Ticker ALSTP Market Traded ON NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 04/15/2014 Quarterly Dividend .391 Annual Dividend 1.5625 Securities may be redeemed, at the issuers option, as early as 10/15/2019 for a redemption price of $25/share plus accrued dividends. There is a 'make whole' payment…
Resource Capital Corp 8.625% Fixed to Floating Series C Cumulative Redeemable Preferred Stock
Tim McPartland | June 9, 2014
Date Issued 6/9/2014Shares Issued 4,400,000 Over-allotment Shares 660,000S&P Rating NR Moodys Rating NRSecurity Ticker Symbol RSO-C OTC Temporary Ticker RCSCPMarket Traded ON NYSEDividend Payment Paid on the 30th of January, April, July and October beginning on 07/30/2014Quarterly Dividend .539 Annual Dividend 2.156Dividend will float based on 3 month libor plus 5.927% on and after 7/30/2024Securities…
Revisiting Buying Preferred Stocks on the OTC Grey Market
Tim McPartland | June 5, 2014
June 4, 2014 10 amWe frequently get questions on buying preferred stocks at 'wholesale' prices, before they are listed on the NYSE or NASDAQ so we thought we should review the process once again for those that have missed that discussion in previously writings.When preferred shares are registered the terms and conditions of the offering are negotiated with the underwriters…
Public Storage 6% Cumulative Redeemable Preferred Stock
Tim McPartland | June 2, 2014
Date Issued 6/2/2014 Shares Issued 10,000,000 Over-allotment shares 1,500,000S&P Rating BBB+ Moodys Rating A3Security Ticker Symbol PSA-Z OTC Temp Ticker PSAPPMarket Traded ON NYSEDividend Payment Paid on the last day of March, June, September and December beginning on 09/30/2014Quarterly Dividend .375 Annual Dividend 1.50Securities may be redeemed, at the issuers option, as…
