Effective January 1, 2022 company converted from a REIT to a C-Corp. Dividends become either qualified or return of capital with the conversion
Sector: REIT
AG Mortgage Investment Trust Inc. 9.50% Senior Notes due 2029
Redwood Trust 9.125% Senior Notes due 2029
MFA Financial Inc 8.875% Senior Notes due 2029
Gladstone Land 6.00% Series C Cumulative Redeemable Preferred Stock
Shares outstanding sold as of 9/30/2023 – 10,156,509
Braemar Hotels & Resorts Inc. 5.5% Series B Cumulative Convertible Preferred
Shares are convertible at the option of the holder into 1.3228 common shares at an initial conversion price of $18.90. After 6/10/2020 if the price of the common exceeds 110% of the conversion price for 45 consecutive days the company may at their option force conversion at the then prevailing conversion price.
Pennymac Mortgage Investment Trust 8.50% Senior Notes Due 2028
Equity Commonwealth 6 1/2% Series D Cumulative Convertible Preferred Shares
Ellington Financial Inc. 8.625% Series C Fixed-Rate Reset Cumulative Redeemable Preferred Stock
The coupon is fixed at 8.625% until 4/30/2028 at which time the rate is reset at the 5 year treasury plus a spread of 5.13% afterwhich the rate resets every 5 years.
Redwood Trust Inc. 10.00% Series A Fixed-Rate-Reset Cumulative Redeemable Preferred Stock
Coupon is fixed at 10% until 4/15/2028 after which it will reset at the 5 year treasury rate plus a spread of 6.278%