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Synovus Financial 7 7/8% Fixed to Floating Rate Non Cumulative Perpetual Preferred Stock

Tim McPartland | August 15, 2013
 S&P Rating   B-   Moodys Rating   Caa1Security Ticker Symbol   SNV-CMarket Traded ON   NYSEDividend Payment Paid on the 1st of February, May, August and November beginning on 11/1/2013Monthly Dividend   .487   Annual Dividend   1.946Dividends will float after August 1, 2018 at a rate of 3 month Libor plus 6.39%Securities may be redeemed, at the issuers option, as early as 07/31/2018 for a…

Costamare Inc 7.625% Cumulative, Redeemable, Perpetual Preferred Stock

Tim McPartland | August 15, 2013
Date Issued  7/30/2013  Shaers Issued  2,000,000    Overallotment Shares  300,000 ShS&P Rating   NR   Moodys Rating   NRSecurity Ticker Symbol   CMRE-BMarket Traded ON   NYSEDividend Payment Paid on the 15th of January, April, July and October beginning on October 15, 2013Monthly Dividend   .4766   Annual Dividend   1.9063Securities may be redeemed, at the issuers option, as early as 8/6/2018 for a redemption price of…

Oxford Lane Capital Corp 7.50% Preferred Stock – Monthly

Tim McPartland | August 15, 2013
Series 2023 Term Preferred Stock    S&P Rating  NR   Moodys Rating   NR Security Ticker Symbol   OXLCO Market Traded ON   NASDAQ Dividend Payment Paid Monthly on the last day of the month beginning on July 31, 2013 Monthly Dividend   .156   Annual Dividend   1.875 Securities may be redeemed, at the issuers option, as early as…

Revisiting Buying Preferred Stocks on the OTC Grey Market

Tim McPartland | August 4, 2013
January 29, 2016 We frequently get questions on buying preferred stocks at “wholesale” prices before they are listed on the NYSE or NASDAQ. Here’s a primer about the process. When preferred shares are registered, the terms and conditions of the offering are negotiated with the underwriters. One of those negotiations to bring to your attention is how much the underwriter…
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