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Credit

GPMT

Granite Point Mortgage Trust's common equity has decreased by 36% in 2024, trading at a significant discount due to office property loan exposure. Despite a dip in book value, the company improved its liquidity with substantial cash reserves and a focus on reducing office property exposure.

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November 18, 2024 | 2:00 am

BABA

Alibaba Group has announced a proposed offering of senior unsecured notes in both U.S. dollars and RMB, subject to market conditions. This move is part of Alibaba's strategy to raise capital through debt issuance.

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November 18, 2024 | 12:15 am

BFSAF

Befesa's Q3 results show a 64% increase in operating profit, with strong guidance for Q4 2024 and a promising 2025 outlook. The company aims to reduce its debt ratio significantly by 2025, despite recent share price declines.

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November 17, 2024 | 4:00 pm

EVRG

Evergy, Inc. is highlighted as a reliable dividend grower with a 20-year streak. Its five-year capital spending plan supports growth in rate base and EPS. The company is well-capitalized with a BBB+ credit rating, allowing it to secure low-cost capital.

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November 17, 2024 | 12:15 pm

IVR

Preferred stocks had a strong week with a 2% total return, driven by a Treasury rally and narrowing credit spreads. Invesco Mortgage Capital is redeeming its floating-rate preferred IVR.PR.B, which will increase equity coverage.

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November 17, 2024 | 11:15 am

VBF

Invesco Bond Fund (VBF) is a closed-end fund focusing on high credit quality fixed-income investments, primarily corporate-issued securities. It offers some flexibility to include below-investment-grade instruments. Despite its quality focus, VBF, like PAI, is not currently considered a bargain.

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November 17, 2024 | 10:00 am

PSEC

Prospect Capital Corporation recently cut its dividend by 25%, raising concerns about future dividend reliability amid high interest rates and NAV erosion. Despite this, PSEC maintains a low leverage and strong liquidity position, trading at a 47% discount to NAV.

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November 16, 2024 | 12:15 pm

GOCO

GoHealth Inc has shown positive operating cash flow for several quarters, acquired e-TeleQuote on favorable terms, and refinanced its debt, indicating financial stabilization and potential growth.

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November 16, 2024 | 11:15 am

AAAU

The Hang Seng Index fell by 6.28% due to concerns over US tariffs and China's credit data. The Nikkei and ASX 200 also faced challenges, particularly in the mining sector, amid increased risk aversion.

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November 16, 2024 | 8:30 am

INSW

International Seaways (INSW) reported a net income of $91.6 million and a basic EPS of $1.85 for Q3 2024. The company has no debt maturities before 2030 and a Total Debt-to-Equity ratio of 35.5%. Its dividend LTM yield is 13.7% with a payout ratio of 64%.

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November 16, 2024 | 8:00 am