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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (64541)8/7/2020 8:07:58 PM
From: Paul Senior  Respond to of 79229
 
Looking to add to some bdc's. Can't get my price. I'll look again at EKS's GOODN



To: Paul Senior who wrote (64541)8/7/2020 8:33:45 PM
From: Grommit  Respond to of 79229
 
MNR-C yes, callable in a year, but difficult to call because so much issued. orig issued in 2016 and more issued recently:

>> Aug 4: Raised $4.5 million in net proceeds through the Preferred Stock ATM Program with the sale of 185,000 shares of our 6.125% Series C Preferred Stock at a weighted average price of $24.93 per share

total assets $1,931

liabilities (mainly debt) 907

pref equity 434
common equity 589
equity 1,023

debt to equity not great if you treat pref as debt.

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they like to show cap structure at mkt price:
(stock price 12.05 here, 14.60 now)




To: Paul Senior who wrote (64541)8/7/2020 8:45:55 PM
From: Grommit1 Recommendation

Recommended By
Jurgis Bekepuris

  Respond to of 79229
 
MNR-C: and even with large amount of pref issued, i don't see the pref div as a large drain...
common divs are 2x pref dividends.