Preferreds Weekly Review: Fixed-Rate Preferreds Underperform
Portfolio Pulse from
In the second week of December, all preferred stock sectors declined due to rising long-term Treasury yields. However, mREITs outperformed thanks to SOFR Fix/Float and CMT Reset preferreds. BDC GAIN issued a 7.875% 2030 baby bond.
December 22, 2024 | 11:45 am
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POSITIVE IMPACT
BDC GAIN issued a 7.875% 2030 baby bond, which could attract investors seeking fixed income opportunities.
The issuance of a 7.875% 2030 baby bond by GAIN is likely to attract investors looking for fixed income, potentially boosting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80