Recent IPOs of Other Income-Related Securities

This page lists recent initial public offerings of the non-preferred income securities QuantumOnline covers: special investment products, master limited partnerships, royalty and BDC-type securities, and exchange-traded debt. The newest offerings appear first.

These issues are far more structurally varied than preferred stock, so the terms differ enormously from one to the next. Two securities listed here in the same week can have almost nothing in common beyond paying a distribution.

Other special lists: IPOs of Preferred and Income Securities IPOs of Other Securities IPOs of CEFs, ETFs, and REITs All Securities Added in the Past 90 Days Securities Called for Redemption Securities with Distributions Suspended Banks List Bank Holding Companies

How to use this list

Symbol — click any symbol to open our full security description & information page.
Sort — click a column heading to sort by that column; click again to reverse.
Filter — type in the filter box to narrow the list by ticker symbol or company name.
The list is shown in its natural order (IPO Date) to begin with; re-sort any column as needed.
"n.a." means not available. This list is dynamic and updated constantly; information is believed accurate but is not guaranteed.

Symbol / CUSIP	Security Description	Exchange	IPO Date	Prospectus
RWAYM 78163D506	Runway Growth Finance Corp. 7.75% Notes Due 2031	NGS	9/28/2026	Prospectus
SAX 80349A844	Saratoga Investment Corp 8.00% Notes due 8/31/2031	NYSE	8/18/2026	Prospectus
ADAMK 00547J207	Adamas Trust, Inc. 9.60% Senior Notes due 10/01/2031	NGS	8/11/2026	Prospectus
PFLA 70806A205	PennantPark Floating Rate Capital Ltd 7.375% Notes due 6/15/2031	NYSE	5/28/2026	Prospectus
RWTS 758075840	Redwood Trust, Inc 9.75% Senior Notes due 6/1/2031	NYSE	5/19/2026	Prospectus
ELLA 288578206	Ellington Credit Co 8.50% Notes Due 03/30/2031	NYSE	3/25/2026	Prospectus
NEE-W 65339K829	NextEra Energy Capital Holdings, Inc. Se Z Junior Sub Debentures due 4/15/2086	NYSE	3/18/2026	Prospectus
GAING 376546859	Gladstone Investment Corp 7.125% Notes due 05/01/2031	NGS	2/10/2026	Prospectus
SAV 80349A851	Saratoga Investment Corp 7.50% Notes due 2/6/2031	NYSE	1/29/2026	Prospectus
RWAYI 78163D407	Runway Growth Finance Corp. 7.25% Notes due 2031	NGS	1/28/2026	Prospectus
MLCIL 62188E202	Mount Logan Capital Inc. 8.00% Senior Notes due 01/31/2031	NCM	1/16/2026	Prospectus
SRJN 84857L705	Spire Inc. 6.375% Junior Subordinated Notes due 2086	NYSE	1/16/2026	Prospectus
NEWTO	NewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 02/01/2031	NGM	12/1/2025	Prospectus
RWTQ 758075857	Redwood Trust, Inc 9.50% Senior Notes due 12/1/2030	NYSE	11/17/2025	Prospectus
NOVTU 67000B203	Novanta Inc. 6.50% Tangible Equity Units	NGS	11/6/2025	Prospectus
TCPA 893526681	TransCanada PipeLines Ltd 6.250% Junior Subordinated Notes due 11/01/2085	NYSE	10/6/2025	Prospectus
XELLL 98389B878	Xcel Energy Inc 6.25% Junior Subordinated Notes Due 10/15/2085	NGS	9/26/2025	Prospectus
CIMP 16934Q869	Chimera Investment Corp 8.875% Senior Notes due 8/15/2030	NYSE	9/9/2025	Prospectus
DTK 233331792	DTE Energy Co 2025 Series H 6.25% Junior Subordinated Debentures due 2085	NYSE	9/8/2025	Prospectus
GECCG 390320869	Great Elm Capital Corp 7.75% Notes due 12/31/2030	NGM	9/5/2025	Prospectus
OXSQH 69181V602	Oxford Square Capital Corp 7.75% Notes due 2030	NGS	7/31/2025	Prospectus
METCI 75134P808	Ramaco Resources, Inc. 8.250% Senior Notes due 2030	NGS	7/23/2025	Prospectus
OFSSO 67103B803	OFS Capital Corp. 7.50% Notes due 07/31/2028	NGS	7/16/2025	Prospectus
ADAMH 649604816	Adamas Trust, Inc 9.875% Senior Notes due 10/01/2030	NGS	6/30/2025	Prospectus
PMTW 70931T806	PennyMac Mortgage Investment Trust 9.00% Senior Notes due 6/15/2030	NYSE	6/2/2025	Prospectus

Showing 25 of 328 securities

The remaining 303 securities — plus sorting, filtering and Excel, PDF and CSV export — are available to registered users. Registration is free.

Read each one on its own terms

A new baby bond, a new MLP unit and a new structured product are three genuinely different propositions. The baby bond has a maturity and ranks as debt; the MLP brings K-1 reporting and basis recapture; the structured product carries the sponsoring institution's credit and often a capped payoff.

The prospectus linked from each security's detail page is where to establish which of these you are actually looking at.

Newly issued does not mean fairly priced

Underwriting and offering costs on smaller, more complex deals are meaningful and are ultimately borne by the buyer. A security priced at $25 at issue can embody several percent of costs that a secondary-market buyer would never pay.

Letting a new issue season and trade on its own merits is often the cheaper way in.

About this data

QuantumOnline has tracked exchange-traded income securities since 1997. Every security in this list is researched and maintained by hand from the issuer's prospectus and SEC filings, not scraped from a vendor feed. Where a figure is unavailable we show "n.a." rather than guessing.

Information is believed to be accurate but is not guaranteed, and nothing here is a recommendation to buy or sell. Always confirm terms against the issuer's prospectus before investing.