Preferred series and baby bond screener

Coupon-basis exchange-traded debt

Baby bonds whose annual interest is taken from the contractual coupon in the security's own name rather than from payment history.

A curated list is the screener with the filters already set — the same universe, the same stored figures, one fixed cut of them. It is not a selection anyone here has assessed, endorsed or checked one by one: a security appears below because it currently meets the stated test and disappears when it stops meeting it. What the test is, and what it cannot tell you, are set out on this page.

Drawn from the Preferred series and baby bond screener. Open the same filter in the screener to change it.

What this list selects for

This list selects for the presence of a parsed contractual coupon, which is what lets the annual interest be stated rather than inferred. It is not a list of the safest debt or the highest-quality issuers — these are unsecured corporate notes, most of them from smaller issuers, and the yield shown is a current yield rather than a yield to maturity.

Background: corporate bonds, yield to maturity.

What this screen covers

This screen covers exchange-listed preferred series and exchange-traded debt only — the instruments the database classifies as kind 'preferred' or 'baby_bond'. Common shares, funds that hold baskets of preferreds, and institutional bonds that do not trade on an exchange are not in it. Funds holding preferred baskets are on the preferred stocks page; common equity is in the dividend stock screener.

Which yield you are reading

Two different measurements sit in the yield column here and the page never merges them. For a baby bond the annual interest is CONTRACTUAL — the stated coupon times the $25 par — and the yield is that interest over the market price. For a preferred series it is a FORWARD estimate: the last regular payment multiplied by the number of payments a year, over the same price. Where the cadence cannot be established it falls back to the TRAILING twelve months of cash actually paid. The Yield basis column says which one each row is, and neither figure is a yield to call or a yield to maturity.

Showing 1–22 of 22. Page 1 of 1

22 securities in this screener's universe match this list, sorted by yield, annualised (highest first). This is a research screen, not a recommendation and not a ranking of quality. A filter describes what a security is; the sort order is a filter too, not an opinion. A security at the top of a yield sort is the one paying the most relative to its price today, which is as often a market judgement about risk as it is an opportunity.

The database holds 525 securities in this screener's universe, of which 347 are eligible for the screen. Of the rest, 173 are not currently live — a security whose quote has gone stale is marked historical, because a data vendor keeps quoting the last trade that ever happened for something redeemed, matured, delisted or acquired, and annualising a payment against that price invents a yield; 1 have a payment record too irregular for any rate to describe — a one-off distribution dominates the last twelve months, or there are too few payments on record; 4 have no payment history from which to compute an annualised yield.

The two sentences above matter more than any row below them: the first says how many securities matched and in what order they are listed — whichever sort is selected, so the top row is the extreme of that one measure and nothing else — and the second says what was held back and why. In this view the table shows fewer columns: a second yield on a different basis, a ratio, a size are hidden, and the columns that remain carry a line of plain English under the header. Switch to Expert in the bottom-right rail to see all of them. Every figure is a stored observation rather than a live quote, and every one describes the past or the present — none of them is a forecast.

Coupon-basis exchange-traded debt — a research screen drawn from the Preferred series and baby bond screener over stored prices and stored payment history.
Ticker	Name	StructureWhich of the two this row is. A baby bond is debt, so its payment is contractual interest; a preferred dividend must be declared and ranks behind every lender.	Issuer (parent)	Sector	Price (last stored)	Price vs $25 (%)	Stated coupon (% of $25 par)	Yield (annualised — basis per row)The payment for a year divided by the latest stored price. The Yield basis column says how that yearly payment was established.	Yield basisWhere the yearly payment came from: a fixed contractual coupon, an estimate from the latest regular payment, or the cash actually paid over 12 months.	Yield (trailing 12m, cash paid)	Pays
ABXL	Abacus Global Management, Inc. - 9.875% Fixed Rate Senior Notes due 2028	Baby bond (debt)	—	Financial Services	$25.37	1.48%	9.88%	9.73%	Contractual coupon	9.73%	Quarterly
MITN	TPG Mortgage Investment Trust Inc 9.500% Senior Notes due 2029	Baby bond (debt)	—	Real Estate	$25.44	1.76%	9.50%	9.34%	Contractual coupon	9.34%	Quarterly
MFAO	MFA Financial, Inc. 9.000% Senior Notes	Baby bond (debt)	—	Real Estate	$25.18	0.74%	9.00%	8.93%	Contractual coupon	8.93%	Quarterly
MLCIL	Mount Logan Capital Inc. 8.00% Notes Due 2031	Baby bond (debt)	—	Financial Services	$22.65	-9.40%	8.00%	8.83%	Contractual coupon	2.21%	—
MFAN	MFA Financial, Inc. 8.875% Senior Notes	Baby bond (debt)	—	Real Estate	$25.16	0.64%	8.88%	8.82%	Contractual coupon	8.82%	Quarterly
GECCI	Great Elm Capital Corp. 8.50% Notes DUE 2029	Baby bond (debt)	—	Financial Services	$25.35	1.39%	8.50%	8.38%	Contractual coupon	8.38%	Quarterly
UZD	Array Digital Infrastructure, Inc. 6.250% Senior Notes due 2069	Baby bond (debt)	—	Communication Services	$19.02	-23.92%	6.25%	8.21%	Contractual coupon	8.22%	Quarterly
UZF	Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	Baby bond (debt)	—	Communication Services	$16.96	-32.16%	5.50%	8.11%	Contractual coupon	8.11%	Quarterly
UZE	Array Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	Baby bond (debt)	—	Communication Services	$16.98	-32.10%	5.50%	8.10%	Contractual coupon	8.10%	Quarterly
SCCG	Sachem Capital Corp. 8.00% Note	Baby bond (debt)	—	Real Estate	$24.78	-0.88%	8.00%	8.07%	Contractual coupon	8.07%	Quarterly
OXLCG	Oxford Lane Capital Corp. 7.95% Notes due 2032	Baby bond (debt)	—	Financial Services	$25.20	0.80%	7.95%	7.89%	Contractual coupon	7.89%	Quarterly
BIPH	Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global	Baby bond (debt)	—	Financial Services	$15.97	-36.10%	5.00%	7.82%	Contractual coupon	7.82%	Quarterly
GEGGL	Great Elm Group, Inc. 7.25% Notes due 2027	Baby bond (debt)	—	Financial Services	$24.62	-1.52%	7.25%	7.36%	Contractual coupon	7.36%	Quarterly
RWAYI	Runway Growth Finance Corp. 7.25% Notes due 2031	Baby bond (debt)	—	Financial Services	$24.82	-0.72%	7.25%	7.30%	Contractual coupon	4.16%	Quarterly
CGABL	The Carlyle Group Inc. 4.625% Subordinated Notes due 2061	Baby bond (debt)	—	Financial Services	$16.11	-35.54%	4.62%	7.17%	Contractual coupon	7.17%	Quarterly
XELLL	Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085	Baby bond (debt)	—	Utilities	$22.61	-9.56%	6.25%	6.91%	Contractual coupon	5.34%	Quarterly
CMSD	CMS Energy Corporation 5.875% Junior Subordinated Notes due 2079	Baby bond (debt)	—	Utilities	$21.26	-14.96%	5.88%	6.91%	Contractual coupon	6.91%	Quarterly
DTW	DTE Energy Company 5.25 % Debentures 2017-01.12.77 Global	Baby bond (debt)	—	Utilities	$19.47	-22.12%	5.25%	6.74%	Contractual coupon	6.74%	Quarterly
PFH	Prudential Financial, Inc. 4.125% Junior Subordinated Notes due 2060	Baby bond (debt)	—	Financial Services	$15.39	-38.44%	4.12%	6.70%	Contractual coupon	6.70%	Quarterly
SFB	Stifel Financial Corporation 5.20% Senior Notes due 2047	Baby bond (debt)	—	Financial Services	$19.68	-21.28%	5.20%	6.61%	Contractual coupon	6.61%	Quarterly
SCCE	Sachem Capital Corp. 6.00% Note	Baby bond (debt)	—	Real Estate	$24.59	-1.64%	6.00%	6.10%	Contractual coupon	12.20%	Quarterly
SCCD	Sachem Capital Corp. 6.00% Notes Due 2026	Baby bond (debt)	—	Real Estate	$24.90	-0.40%	6.00%	6.02%	Contractual coupon	12.05%	Quarterly

Data as of Aug 25, 2026.

Prices last refreshed Aug 25, 2026; the yields, cadences and streaks derived from them Aug 25, 2026. No figure in this table is a live quote.

A research screen, not a recommendation

This is a research screen, not a recommendation and not a ranking of quality. A filter describes what a security is; the sort order is a filter too, not an opinion. A security at the top of a yield sort is the one paying the most relative to its price today, which is as often a market judgement about risk as it is an opportunity.

What this screener is for

This screen exists to answer one question: across the exchange-listed fixed-rate hybrids in this database, what is being paid today relative to the price, and on what basis is that figure computed. Preferred series and baby bonds behave like bonds — a fixed payment, a price that moves with rates and credit — but they trade like shares, in $25 units, on the same exchanges. See preferred stocks, corporate bonds.

The two structures are deliberately screened together and labelled apart. They sit in different places in the capital stack: interest on a note is a contractual obligation that ranks ahead of every share, while a preferred dividend must be declared and ranks behind all debt but ahead of the common. That difference is in the Structure column, not in a footnote.

What it cannot tell you

It cannot tell you the terms. Call date, cumulative or non-cumulative, fixed-to-floating reset, maturity on a note, and whether the payment is a qualified dividend or ordinary interest for tax are all prospectus facts this database does not store. Two series from the same issuer at the same yield can differ on every one of them. See callable bonds, qualified dividends.
The yield column is a current yield. It is not a yield to call or a yield to maturity, and for anything trading above $25 with a call date in view those figures can be far lower than the current yield — in some cases negative. See yield to maturity.
The $25 comparison is a convention, not a lookup. Most exchange-listed preferred series and baby bonds are issued at $25, and depositary shares are usually struck so that one share represents $25 of preference, but series issued at other amounts exist and this column would mis-describe them. The liquidation preference in the prospectus is the authority.
It holds no credit rating and no measure of how deeply the issuer covers the payment. A preferred dividend can be suspended without triggering a default; missed interest on a note cannot. See credit ratings.
It does not screen on liquidity. Many individual series trade a few thousand shares a day, and the spread between the bid and the offer can cost more than a quarter's payment.

These definitions cover every column this screen can show, including the specialist ones hidden from the table above. Read the yield entry first. Which payment went into the figure, and over what period, is what the number actually means — and two yields computed on different bases are not comparable with each other, even though both are printed as a percentage.

What each column means

Price vs $25 (%): The stored price expressed as a percentage above or below $25, the customary issue price. It is arithmetic on the price, not a discount to a liquidation preference read from the prospectus.
Stated coupon (% of $25 par): The contractual rate parsed from the security's own name for exchange-traded debt, which is where its annual interest comes from. Blank for preferred series, whose payment is taken from the payment history instead.
Yield (annualised — basis per row): The annual payment divided by the latest stored price. The annual payment is the contractual coupon for a note, the last regular payment times the payments a year for a preferred series, or the trailing twelve months where no cadence can be established. See dividend yield.
Yield (trailing 12m, cash paid): Cash actually paid over the last 365 days divided by that same price. On a recently issued note this reads low, because the first payment is normally a part-period stub.

Where these numbers come from

Nothing on this page is a live quote. Prices are the most recent stored observation from the daily quote job, and every yield is computed against that stored price. Securities that have stopped trading — redeemed, matured, delisted or acquired — keep their history in the database but are excluded from every screen, because a vendor keeps quoting the last trade that ever happened and annualising against it invents a yield.

Securities whose last twelve months are dominated by a one-off payment, or that have too few payments on record to establish a rate, are marked 'irregular' by the compute job and are excluded from every screen here. The figure they would produce describes a single event rather than an income stream.

What can go wrong here

A fixed payment does not mean a fixed price. These instruments fall when rates rise and when the issuer's credit deteriorates, and they are usually callable at $25 by the issuer, which caps the upside while leaving the downside open. Preferred dividends can be suspended, and on a non-cumulative series a skipped payment is never made up. In a bankruptcy, notes rank ahead of preferred and preferred ranks ahead of common — which is another way of saying preferred holders are behind every lender in the queue.

Other lists from this screener

Back to the screener →

Trading below the $25 issue price

Preferred series and baby bonds whose latest stored price is under $25.

Read →

Series from issuers with several live series

Preferred series whose issuer currently has more than one series trading, grouped by issuer.

Read →

Questions about this screen

What is the difference between a preferred series and a baby bond?

A preferred share is equity with a stated dividend: it ranks behind all of the issuer's debt, its payment must be declared by the board, and on a non-cumulative series a skipped payment is gone for good. A baby bond is debt — a $25 note or debenture listed on an exchange — so its payment is contractual interest with a maturity date, and missing it is a default. Both trade in $25 units on the same exchanges, which is why they are screened together and labelled apart.

Why do two rows show different yield bases?

Because the annual payment is established differently. Exchange-traded debt has a contractual coupon printed in its own name, so the annual interest is that coupon times $25 par — annualising its payment history would be wrong, because the first payment on a new note is a part-period stub. A preferred series has no such contract in our data, so its annual figure is the last regular payment multiplied by the number of payments a year, and where even that cadence cannot be established the trailing twelve months is used instead.

Does a price below $25 mean the security is cheap?

No. It means the market is pricing the payment differently from the day it was issued, most often because rates have moved, because the issuer's credit has changed, or because the payment is at risk. A price below the issue price also changes the call maths in the holder's favour and the current yield upward, which is precisely why the market got there.

Can I see the call date and whether a series is cumulative?

Not on this site. Those are prospectus terms and this database does not hold them. The issuer's prospectus, the SEC filing, or a broker's bond desk is the authority, and both facts can matter more to what you actually receive than the current yield shown here.