UPDATE TICKER–as noted by mbg below the OTC grey market ticker is IPCRV (subject to change of course).
Inpoint Commercial Real Estate Income Inc. (not publicly traded) has announced they are selling a new perpetual preferred stock issue.
Inpoint is a non publicly traded commercial mortgage REIT and as a REIT the terms of this new issue are that it is cumulative, non qualified and I believe it will be unrated (still checking).
This is not a large company with just Net Asset Value of just $230 million as of 6/30/2021 so due diligence is necessary.
The ticker will be ICR-A and the OTC ticker has already been assigned as IPCRV