Rate will be fixed at 8.75% until 11/22/2023 at which point it will float at a rate 3 month Libor plus a spread of 5.593%
Distributions for this security are qualified for tax purposes as Dynagas has chosen to be taxed as a C-Corp.
Sector: MLP
Oaktree Specialty Lending Corporation 6.125% Senior Notes due 2028
Originally issued by Fifth Street Finance
NGL Energy Partners LP 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Coupon is fixed at 9% until 7/2022 after which it floats at a rate of 3 month Libor plus a spread of 7.213%
6/3/2021 dividends are suspended
Landmark Infrastructure Partners LP Series C Floating to Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units
The dividend payment floats at a rate of the higher of 7% OR 3 month Libor plus a spread of 4.698% until 5/15/2025 at which point the dividend will be 9%.
DCP Midstream LP 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Coupon is fixed at 7.95% until 10/15/2023 after which it will float at a rate of 3 month Libor plus a spread of 4.882%
DCP Midstream was bought by Phillips 66 on 6/15/2023
Preferreds redeemed on 10/16/2023