New Preferred Stock And Baby Bond IPOs, October 2025

2025-11-02 21:31:25 ET

New Offering Summaries:

Of the various offerings we will summarize below, two of them, DTK and XELLL (both energy companies and both offering junior subordinated notes due 2085), achieved a perfect “Compliance Score” on our ten-point scale. Long-time readers of our Seeking Alpha articles may already be familiar with our compliance scale and what it means to rank 10 out of 10, but for those readers who may be new to our particular framework for selecting quality preferred stocks, the following elements must match or exceed our target: dividend rate, time until call date, cumulative unsuspended quarterly dividend/coupon, investment-grade credit rating, US issuer, non-convertible, prospectus availability, and $25 par value....

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