Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-10-2021, 11:32 AM   #181
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,300
Quote:
Originally Posted by brokrken View Post
3 days in a row I've had sell orders in on SPLP-A and each day I see trades at my limit but for whatever reason mine aren't getting executed. I didn't check the "all or None" box so I'm not sure how the algorithm works to decide which shares to take at that price. Any ideas?
I have seen when I have an order in for something that it will actually be trading for 1/2 a cent off from what it's showing in some places.

Could it be there are just too few buyers at that price, perhaps set your price for GTC or day+ext.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-10-2021, 11:56 AM   #182
Recycles dryer sheets
 
Join Date: Feb 2019
Posts: 220
Quote:
Originally Posted by aja8888 View Post
I picked up some more EP+C today under $50.
You stole it!!!

I like EP-C.
Born2Fish is offline   Reply With Quote
Old 03-10-2021, 12:11 PM   #183
Dryer sheet wannabe
 
Join Date: Apr 2018
Posts: 22
Kinder Morgan acquired El Paso and EPB no longer trades.
So what is the plan with EP-C?
What obligation does KMI have?
I don't see anything on this.
DR1959 is offline   Reply With Quote
Old 03-10-2021, 12:37 PM   #184
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,427
Quote:
Originally Posted by DR1959 View Post
Kinder Morgan acquired El Paso and EPB no longer trades.
So what is the plan with EP-C?
What obligation does KMI have?
I don't see anything on this.
Kinder Morgan pays the preferred dividend and will do so until it's called (10 years or so?). Mulligan has the info on this in a thread here a while back if you search.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline   Reply With Quote
Old 03-10-2021, 07:20 PM   #185
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,170
Quote:
Originally Posted by aja8888 View Post
I picked up some more EP+C today under $50.
+1
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 03-11-2021, 09:53 AM   #186
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,141
Quote:
Originally Posted by aja8888 View Post
I picked up some more EP+C today under $50.
Rising rates seem to be squeezing the value of these sub 5% issues. Interesting that it's dropping under par just prior to Ex-D, roughly 60 cent dividend. So I picked up a few more shares @$49.80.

I haven't see the dividend declared but Ex-D should be in next couple of days ETrade still showing as "estimated" for payment on 3/31.
bobandsherry is offline   Reply With Quote
Old 03-11-2021, 09:58 AM   #187
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,141
Quote:
Originally Posted by aja8888 View Post
Kinder Morgan pays the preferred dividend and will do so until it's called (10 years or so?). Mulligan has the info on this in a thread here a while back if you search.
It's past call (2002), maturity date is now "only" 7 years out (2028). So worst case (short of BK - and I don't have that concern with KMI) is 4.75% return for 7 year hold. 7 year CD's only paying around 0.75%
bobandsherry is offline   Reply With Quote
Old 03-11-2021, 10:26 AM   #188
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,659
Quote:
Originally Posted by brokrken View Post
3 days in a row I've had sell orders in on SPLP-A and each day I see trades at my limit but for whatever reason mine aren't getting executed. I didn't check the "all or None" box so I'm not sure how the algorithm works to decide which shares to take at that price. Any ideas?


Ken, why are you deciding to bail? Im only recently got interested and am digging in long term gambling only that it is a viable company come 2026.
Mulligan is offline   Reply With Quote
Old 03-11-2021, 10:31 AM   #189
Full time employment: Posting here.
 
Join Date: May 2017
Posts: 709
Quote:
Originally Posted by Mulligan View Post
Ken, why are you deciding to bail? Im only recently got interested and am digging in long term gambling only that it is a viable company come 2026.
Mully, no alarm bells here, just trying to flip in between divies. The spread is sometimes $0.30, which is nearly a quarters worth of pennies. I've been pretty lucky doing this recently with NYCB-U where the spread is sometimes $0.50. It amazes me that there are still people out there that put in market orders for these low volume issues.
brokrken is online now   Reply With Quote
Preferred Stock Investing-The Good , The Bad and The In Between 2021
Old 03-11-2021, 04:33 PM   #190
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,659
Preferred Stock Investing-The Good , The Bad and The In Between 2021

Quote:
Originally Posted by brokrken View Post
Mully, no alarm bells here, just trying to flip in between divies. The spread is sometimes $0.30, which is nearly a quarters worth of pennies. I've been pretty lucky doing this recently with NYCB-U where the spread is sometimes $0.50. It amazes me that there are still people out there that put in market orders for these low volume issues.

Ok, I see.. Guilty as charged here also...In fact I dumped all my NYCB-U when it went over $49 what last week?
I have been churning and churning on 25-50 cent movements. Though with U it was more like $4 as I have held it for a while.
I hate to say it, but junk is where its at for most of my constant flips.
I dumped about 1500 shares of PPX today (this one of course isnt junk) at 25.73. I bought most in 25.20s just a couple weeks ago. Im gonna have to redo my spreadsheet as the cast of characters have changed a lot last couple days.
They are all in my 75 or so tracking preferreds but I usually only own 25-30 at any given time.
Mulligan is offline   Reply With Quote
Old 03-12-2021, 12:48 PM   #191
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,300
Are there any complications in taxes caused by owning SPLP-A in a Regular account ?

I know it's not got the special 15% rate, but mostly concerned about something (ex K-1 paperwork - whatever that is about) , not worried about treating it as regular interest.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now   Reply With Quote
Old 03-12-2021, 01:01 PM   #192
Thinks s/he gets paid by the post
 
Join Date: Nov 2015
Posts: 2,141
Quote:
Originally Posted by Sunset View Post
Are there any complications in taxes caused by owning SPLP-A in a Regular account ?

I know it's not got the special 15% rate, but mostly concerned about something (ex K-1 paperwork - whatever that is about) , not worried about treating it as regular interest.
From Quantum:
Quote:
QUANTUMONLINE.COM SECURITY DESCRIPTION: Steel Partners Holdings L.P., 6.00% Series A Cumulative Preferred Units, liquidation preference $25 per unit, redeemable at the issuer's option at anytime at $25 per unit plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.00% per annum ($1.50 per annum or $0.3750 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is at least one business days prior to the record date). Holders of the preferred units will have the right to require the issuer to repurchase up to 525,000 preferred units (optional redemption amount) on the third (3rd) anniversary of the original issuance date of units (the optional redemption date) at a redemption price of $25.00 per unit plus accumulated and unpaid distributions in cash (see prospectus for further information. If not earlier redeemed, on the date that is the ninth (9th) anniversary of the original issuance date of the units, the issuer shall redeem all of the units at a redemption price equal to $25.00 per unit plus an amount equal to accumulated and unpaid distributions (see prospectus for further details). Holders of the Preferred Units will receive specific tax information from the company, including a Schedule K-1 which generally would be expected to provide a single income item equal to the preferred return (see page 29 of the prospectus for details). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
bobandsherry is offline   Reply With Quote
Old 03-12-2021, 04:13 PM   #193
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,300
I had read the Quantumonline statement, but here is my issue:
I have some SPLP-A in an IRA/ROTH, so I can due to the small amount, ignore the tax treatment of partnership and other tax treatments.

That might not be the same in a regular account, if someone tells me they have some similar stock in a regular account and it causes a lot of paperwork I'll skip buying it in a regular account.

Maybe I'm worried about nothing, but I don't want to spend 2 extra hours on taxes when I can just buy a different stock.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is online now   Reply With Quote
Old 03-12-2021, 06:48 PM   #194
Full time employment: Posting here.
 
Join Date: Jan 2008
Location: Flyover America
Posts: 658
Fidelity Alert that AILLL is part of a Full Call......

Not happy........
capjak is offline   Reply With Quote
Old 03-12-2021, 07:34 PM   #195
Thinks s/he gets paid by the post
Free To Canoe's Avatar
 
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,826
Quote:
Originally Posted by capjak View Post
Fidelity Alert that AILLL is part of a Full Call......

Not happy........
+1
__________________
Free to canoe
Free To Canoe is offline   Reply With Quote
Old 03-12-2021, 08:57 PM   #196
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,659
Quote:
Originally Posted by capjak View Post
Fidelity Alert that AILLL is part of a Full Call......

Not happy........


Im not seeing that anywhere, are you certain? I dont own AILLL, but I own several other sisters and I have no notifications on them. SEC filings and their website have no mention. The coming dividend was declared a while back.
Mulligan is offline   Reply With Quote
Old 03-12-2021, 08:58 PM   #197
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,659
Quote:
Originally Posted by Sunset View Post
Are there any complications in taxes caused by owning SPLP-A in a Regular account ?

I know it's not got the special 15% rate, but mostly concerned about something (ex K-1 paperwork - whatever that is about) , not worried about treating it as regular interest.


This is supposed to be a one line income only filing so it shouldnt be onerous like a common stock K-1 traditionally is.
Mulligan is offline   Reply With Quote
Old 03-12-2021, 10:08 PM   #198
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,170
Quote:
Originally Posted by Mulligan View Post
Im not seeing that anywhere, are you certain? I dont own AILLL, but I own several other sisters and I have no notifications on them. SEC filings and their website have no mention. The coming dividend was declared a while back.
+1 I don't own but can't find anything... including company investor news releases.

https://www.amereninvestors.com/inve...s/default.aspx
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 03-12-2021, 10:44 PM   #199
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 11,434
Quote:
Originally Posted by pb4uski View Post
+1 I don't own but can't find anything... including company investor news releases.

https://www.amereninvestors.com/inve...s/default.aspx
I do own AILLL and just spent a few minutes digging around and found nothing regarding it being called or anything about some future call intention being announced. I hope that is correct.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 03-12-2021, 11:36 PM   #200
Full time employment: Posting here.
Coolius's Avatar
 
Join Date: May 2010
Posts: 852
I own several of the Ameren Preferreds. I, too cannot find anything.


Hope that Fidelity is wrong. Just have to wait and see.
Coolius is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 11:10 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.