Commercial mortgage REIT TPG Real Estate Finance Trust (TRTX) will be selling a new cumulative preferred stock issue.
As is fairly normal for a REIT preferred the company has an optional redemption period starting in 2026 and the issue is cumulative, but non-qualified.
The permanent ticker will be TRTX-C after the issue spends a short stint on the OTC grey market (ticker not yet known).
TRTX has no other exchange traded preferreds or baby bonds outstanding at this time.
Eugene was right on top of this one.