June New Income Issue Recap

July 2, 2015

June was a quiet month for new issues in the income investing arena with just 4 issues coming to market. All are in the financial sector (banking and insurance).

The 4 new issues for June are — 

WinTrust Financial 6.50% fixed to Floating Rate Preferred Stock (unrated)

Valley National Bank 6.25 Fixed to Floating Rate Preferred Stock (high Junk rated)

AmTrust Financial Services 7.25% Subordinated Notes ($25/share issue) (unrated)

Associated Banc-Corp 6.125% Preferred Stock (investment grade)

All of these issues are currently trading at, or just under, par ($25) and thus may have an interest to you.  

The WinTrust and Valley National issues are still trading on the OTC grey market (i.e. you can still buy at potentially wholesale prices).