Group 1 - High-income investors have limited asset classes where they can invest with confidence in durable yields, avoiding unsustainable sources like return of capital or aggressive leverage [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2] - Berzins holds a CFA Charter and an ESG investing certificate, and has interned at the Chicago Board of Trade [2] - He is actively involved in thought-leadership activities to support the development of pan-Baltic capital markets [2]

Brookfield Infrastructure Partners L.P. (NYSE: BIP ) doesn’t grab headlines like Nvidia or Tesla. But for investors looking for income, stable growth, and inflation protection, it quietly stands out. BIP owns and operates toll roads, pipelines, utilities, and data centers around the world. These assetsI'm a passionate investor from the Netherlands with 12 years of stock market experience. My articles usually contain a good overview of important investment criteria. A stock for my portfolio is of interest to ...

In theory, retirement income picks should come with above-average valuations that would account for extra defense, cash flow sustainability and long-term inflation protection. These are typically the basic features that should be present at the core of most retirement income investmentRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutional ...

Fixed Income Investor Meetings 06 June 2025 BW Energy has engaged Pareto Securities as Global Coordinator together with Arctic Securities as Joint Bookrunners to arrange a series of fixed income investor meetings. Fearnley Securities and Sparebank1 Markets are acting as Co-Managers. Subject to inter alia market conditions and acceptable terms, a new senior unsecured bond issue of USD 300 million with a tenor of five years may follow. The purpose of the bond issue is for general corporate purposes. Holder ...

Group 1 - Bank of America (NYSE: BAC) is a well-recognized US-based financial institution, with a focus on non-cumulative preferred shares for income generation [1] - The investment group European Small Cap Ideas emphasizes high-quality small-cap investment opportunities, aiming for capital gains and dividend income [1] - The group offers two model portfolios: the European Small Cap Ideas portfolio and the European REIT Portfolio, along with weekly updates and educational content [1] Group 2 - The analyst has a long position in BAC.PR.L and has written put options on BAC's common shares, expecting them to expire out of the money [2]

Company Overview - Armour Residential REIT (ARR) is an agency mREIT with a market capitalization of approximately $1.3 billion and manages a $14.7 billion portfolio of U.S. Government-sponsored mortgage-backed securities, leveraging equity approximately 8.5 times [4]. Investment Strategy - A fixed-income focused strategy called Crazy 8s or Baseline + was developed, aiming to generate returns primarily from dividends of discounted preferred equities, with potential additional returns from declining interest rates pushing share prices toward par [3]. - The preferred shares of ARR, specifically ARR.PR.C, are considered a hybrid fixed-income investment, supported by the income generated from the portfolio [5]. Preferred Shares Characteristics - The preferred issuance has a face value of $171 million, carries a fixed 7.0% coupon, and is currently yielding 8.56%, which is approximately 400 basis points above the current 10-year Treasury yield [6]. - The share price of ARR.PR.C has decreased by about $2 (approximately 9%) since the last coverage, prompting a comparative analysis of its performance against long-term fixed-income alternatives [9]. Market Conditions - The Federal Reserve's interest rate decisions have shifted, with recent indications that very low rates are not guaranteed, impacting the investment landscape [2]. - Current 10-year Treasury yields have risen to over 4.65%, reflecting changing market conditions since the Fed began cutting rates [2]. Historical Performance - Over the past five years, ARR.PR.C has shown a tendency to price in line with yield scarcity while consistently offering a yield coupon significantly above Treasuries [25][26]. - The comparison of ARR.PR.C to long-term Treasuries highlights the substantial credit risk associated with preferred REIT equity versus the riskless nature of T-bonds [23].

In my last piece on business development company Goldman Sachs BDC Inc. (NYSE: GSBD ), I recommended the BDC’s stock as a ‘Buy’ to passive income investors. This stock classification was supported by Goldman Sachs BDC lowering its incentive fee, which createdA financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news su ...

Group 1 - The company is focused on generating a safe high-income stream for investors, balancing high yield with reliable income [1] - There is an emphasis on building financial assets for retirement, indicating a target demographic of individual investors nearing retirement [1] - The company promotes both long and short trading strategies, including the use of inverse ETFs to capitalize on market declines [1] Group 2 - The article reflects the author's personal opinions and experiences, with no external compensation influencing the content [2] - There is a clear distinction that past performance does not guarantee future results, highlighting the inherent uncertainties in investment [3] - The authors of the articles may not be licensed or certified, indicating a mix of professional and individual investors contributing to the content [3]