pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
PB, I will be honest, I been buying a sub 4% perpetual but Im trying to buy up the float, ha.
I don't get what "buy up the float" means, Mulligan. What is the play?
PB, I will be honest, I been buying a sub 4% perpetual but Im trying to buy up the float, ha.
Guys, Its a freakin $20 par , $21 redemption price preferred. All Hawaii ones are...Do they think they are $25 issues?...
That might explain it, but are people really that stupid that they would assume that the par is $25 and think that at $24 they are buying $1 under par when they are really paying $4 over par? Maybe some Robinhood investors?
SPLP-A declared a quarterly "cash" dividend. Glad that's back. However, they did caveat it.
"Any future determination to declare distributions on its units of Series A Preferred, and any determination to pay such distributions in cash or in kind, or a combination thereof, will remain at the discretion of Steel Partners' board of directors and will be dependent upon a number of factors, including the company's results of operations, cash flows, financial position, and capital requirements, among others."
Public Storage W 5.20% issue called next month, it has been callable since 1/16/18.
04:08 AM EDT, 08/21/2020 (MT Newswires) -- VEREIT ( VER ) plans to redeem six million shares of its 6.70% series F cumulative redeemable preferred stock on Sep. 20 using proceeds from expected dispositions and cash on hand, according to a Thursday press release.
B&S Seems AHT is in stress and offering common for Pref. Not a good sign. I'd avoid.
https://seekingalpha.com/news/36130...9_0-after-offering-common-stock-for-preferred
If you are on the site, "Seeking Alpha" there was a good article about AHT the other day. It more or less read that the best option was to buy the Preferred and short the common, suggested on a previous article. The Board of Directors changed the original offer recently, messing up the arbitrage. While still a profitable strategy from the first article, the return has been reduced. If you hold just the Preferred like I do, the article says we're screwed.
Any international preferreds to look at? I see PFFD is X-US, how does that fit in a portfolio? I assume it would not qualify for the 15% tax rate but maybe would hold in taxable for recovering foreign tax credit?
Did anyone catch (as in, buy more) PCG-B’s 5% drop before noon (central time) today? I was scrambling looking for news but it seemed to be isolated to the B issue (I own -E and -G)
Also bought QRTEP
Still holding PCG-A and wondering when the unpaid back dividends will be paid?