As most that are interested already know the OTC Grey market temporary ticker for the new AG Mortgage (NYSE:MITT) 8% fixed-to-floating rate preferred is AGMGP. Shares traded in a range of $24.95 to $25.10 yesterday and closed at $25.10.
This ticker was announced after we published pricing.
So, does anyone know if MREITS and REIT preferred dividends will receive the same 20% passthrough deduction that dividends from REIT common stock receive since the new tax law was enacted. They should, as they are still equity dividends, but I haven’t seen anyone discuss it specifically.
yes.
this page goes in a little detail about it.
https://www.annaly.com/investors/resources/tax-information/annaly
Cool, it does list all the preferred divvies as eligible for the pass through deduction.
It is now trading. I picked up some at $25.10. Thanks for the heads up.