mREIT Dynex Capital (DX) has announced a redemption of their 7.625% perpetual preferred (DX-B)
The announcement can be found here. Redemption will occur on 2/15/2021.
No loss will accrue to holders as shares are trading at $25.12 now.
Ron Ramsey mentioned this earlier today.
There’s a new pattern of calling issues that aren’t trading above stripped par. I’m thinking this should bode well for issues near par they’re now top dog.
Hmmmmmmmmm, there seems to be a pattern here…. LOL! Is not the best place for someone to post this news when they initially see it in the “Reader Initiated Alerts” section? I happened to come across the DYNEX call announcement 10 minutes after it was announced and posted it at RIA. Should a poster post in a different section other than RIA to be more beneficial to all? not grousing, mind you – just want to be as helpful as possible when coming across something that appears to be III relevant.
@2whiteroses
To answer your question, forgot about the RIA section. A thousand pardons-will try to be better in the future. Sorry for any inconvenience suffered.
“Not grousing”.
Ron – My apology to you – was not meant to be seen as a criticism of you posting the info here as opposed to RIA…. it was obviously appropriate to post under this topic as well…
I vote for RIA. I have benefitted many times by reacting quickly to RIAs. Sometimes 15 minutes can make a big difference. Thanks to all for taking the time to post an alert.
I definitely appreciated the chance to sell before market open! Thanks 🙂