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AXIS Capital And 7% Yield From Its Preferred Stock
Seeking Alpha· 2025-06-04 17:14
Group 1 - The article focuses on the undervalued preferred shares of AXIS Capital Holdings Limited (NYSE: AXS) and analyzes their yield spread, which has widened significantly compared to similar instruments [1] - The investment group Trade With Beta, led by Denislav, provides features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1] - The article expresses a beneficial long position in the shares of AXS.PR.E, indicating a personal investment interest by the author [1]
Gladstone's Common Vs. Bonds: Who Will Win?
Seeking Alpha· 2025-06-03 03:58
Group 1 - The article discusses a well-known Business Development Company (BDC) that is favored for its short-duration products with high yields [1] - Following a crash in the BDC sector, many companies experienced a significant decline in performance [1] - The investing group Trade With Beta offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, and hedging strategies [1] Group 2 - The article emphasizes the importance of active investor participation and offers a free trial for interested parties [1] - The analyst has disclosed a beneficial long position in shares of GAINI and GAINZ, indicating a personal investment interest [1]
The Preferred Stock IPO Market 'Unfroze' In May
Seeking Alpha· 2025-06-02 03:52
Group 1 - Shift4 Payments, Inc. has completed an offering of 8.75 million shares of new mandatory convertible series A preferred stock at an offering price of $100 per share [1] - The newly issued shares will provide a dividend, although specific details on the dividend rate are not mentioned [1] Group 2 - The article indicates that there is a focus on preferred stocks with varying compliance scores, suggesting a range of investment options for different investor profiles [1]
Athene Holding Ltd. Declares Second Quarter 2025 Preferred Stock Dividends
Globenewswire· 2025-05-22 20:30
WEST DES MOINES, Iowa, May 22, 2025 (GLOBE NEWSWIRE) -- Athene Holding Ltd. (“Athene”) announced that it has declared the following preferred stock dividends on its non-cumulative preferred stock (represented by depositary shares, each representing a 1/1,000th interest in a share of preferred stock), payable on June 30, 2025 to holders of record as of June 15, 2025. Quarterly dividend of $396.875 per share on the company’s 6.35% Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series A (the ...
RenaissanceRe Preferreds Yield 6.8% With 9.5% Capital Appreciation Potential
Seeking Alpha· 2025-05-15 16:43
we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.In today's article, we will look at an interesting case, namely the undervalued preferred stocks of RenaissanceRe Holdings Ltd. (NYSE: RNR ). These preferred stocks are among the highest rated on the exchange, and their yield spread hasDenislav leads the investing group Trade With Beta , features of the service in ...
Medallion Bank Announces Launch of Series G Preferred Stock Offering
Globenewswire· 2025-05-14 20:00
Company Overview - Medallion Bank is an FDIC-insured bank that specializes in providing consumer loans for recreational vehicles, boats, and home improvements, as well as loan origination services to fintech partners [7] Offering Details - Medallion Bank has launched a public offering of its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, with a par value of $1.00 per share and a liquidation amount of $25 per share [1] - The Series G Preferred Stock is expected to trade on the Nasdaq Capital Market under the ticker symbol "MBNKO" [1] - The underwriters will have a 30-day option to purchase additional shares to cover over-allotments [2] Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, which may include increasing capital levels, growing consumer loan portfolios, or redeeming outstanding Series F Preferred Stock, subject to regulatory approval [3] Management and Underwriters - Piper Sandler & Co. and Lucid Capital Markets, LLC are acting as joint book-running managers for the offering [4] - Additional lead managers include A.G.P./Alliance Global Partners, B. Riley Securities, Inc., and others [4] Regulatory Information - The offering is exempt from the registration requirements of the Securities Act of 1933 and will be made only by means of an offering circular [5] - The preliminary offering circular is available at medallionbankoffering.com [6]
Wintrust Financial Corporation Announces Pricing of $425 Million Preferred Stock Offering
Globenewswire· 2025-05-09 00:55
Core Viewpoint - Wintrust Financial Corporation has announced a public offering of 17 million depositary shares, aiming for gross proceeds of $425 million, with each share representing a 1/1,000th interest in its preferred stock [1][2]. Group 1: Offering Details - The offering consists of 17 million depositary shares priced at $25.00 each, totaling gross proceeds of $425 million before expenses [1]. - Each depositary share represents a 1/1,000th interest in Wintrust's 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F [1]. - The expected closing date for the offering is May 22, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Wintrust plans to use the net proceeds for general corporate purposes, which may include redeeming outstanding shares of Series D and Series E preferred stock, subject to Federal Reserve approval [2]. Group 3: Listing and Management - Wintrust intends to list the depositary shares on The Nasdaq Global Select Market under the symbol "WTFCN" [2]. - RBC Capital Markets is the sole book-running manager, with Keefe, Bruyette & Woods, Piper Sandler, and US Bancorp acting as co-managers for the offering [2]. Group 4: Company Overview - Wintrust is a financial holding company with over 200 retail banking locations across several states, providing a range of banking and non-banking services [5]. - The company operates under a philosophy of offering large bank resources while maintaining a community banking experience [5].
Preferreds Weekly Review: Gauging Attractiveness Of Sister Preferreds
Seeking Alpha· 2025-05-05 01:07
Group 1 - The article discusses the preferred stock and baby bond market activity, providing both bottom-up analysis of individual news and events, and top-down overview of the broader market [1] - ADS Analytics is a team of analysts with experience in research and trading at leading global investment banks, focusing on generating income ideas from various security types including CEFs, ETFs, mutual funds, BDCs, and individual preferred stocks and baby bonds [1]
The Preferred Stock IPO Market Is Frozen
Seeking Alpha· 2025-05-01 01:50
Core Insights - The article discusses the regular publication of summaries regarding new preferred stock and baby bond offerings observed by the company, indicating a focus on investment opportunities in these financial instruments [1]. Group 1 - The company typically publishes a monthly article summarizing new preferred stock and baby bond offerings [1]. - The content caters to a range of investors, from those preferring high-rated securities to those open to lower-rated options [1].
Dirt Cheap Preferred Stocks For Safer Income, +9% Yield
Seeking Alpha· 2025-04-21 11:35
The financial markets threw a sizable tantrum earlier this month, and justifiably so, given the uncertainties around the business outlook for several industries. But, Corporate America will not just throw in the towel and close their doors. They willHigh Dividend Opportunities, #1 On Seeking AlphaSave yourself thousands of dollars by creating a portfolio that pays you to hold it. No selling required to fund your retirement dreams. Tired of going it alone or visiting a financial advisor who just doesn't seem ...