Commercial mREIT Arbor Realty Trust to Sell New Fixed-to-Floating Preferred Issue

Arbor Realty Trust (ABR) has announced they will be selling a new issue of fixed-to-floating rate preferred stock.

The company currently has 2 fixed rate preferred outstanding with fixed rate coupons of 6.25% and 6.375% which can be seen here. Neither of these issues are currently redeemable so the proceeds of the new issue will be used for ‘general corporate uses’.

Being a REIT dividends will be cumulative, but non qualified.

The preliminary prospectus can be seen here.

J and af were right on top of this within 1 minute of each other in the Reader Initiated Alerts section.

2 thoughts on “Commercial mREIT Arbor Realty Trust to Sell New Fixed-to-Floating Preferred Issue”

  1. New Issue:
    Arbor Realty Trust, Inc. (NYSE: ABR)
    Security: Fixed-to-Floating Series F Cumulative Redeemable Preferred Stock
    $100 million
    6.125% to 6.25% (fixed for 5 years, then floating at a fixed spread to 3-Month Term SOFR)
    Perpetual

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