mREIT giant AGNC Investment (NASDAQ:AGNC) has announced they will be offering a new fixed-to-floating rate preferred.
The permanent ticker when available for trading on the NASDAQ (the permanent trading exchange) will be AGNCL. The OTC Grey market ticker has not yet been announced.
Terms of the new issue look fairly typical for a REIT–cumulative, redeemable in about 5 years, with non-qualified dividends etc.
The company currently has 3 other preferred issues outstanding, 2 of which are fixed-to-floating rate issues. The outstanding issues can be seen here.
Fred caught this one right away on the Reader Alerts Page.