The coupon is fixed at 6.25% until 1/30/2027 at which time the rate is reset at the 5 year treasury plus a spread of 4.99% afterwhich the rate resets every 5 years.
Sector: Mortgage
Granite Point Mortgage Trust Inc 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 7.00% until 1/14/2027 after which the rate is reset at 3 month SOFR plus a fixed spread of 5.83%. The coupon has a floor of 7.00% (coupon will never be below 7.00%).
The company is selling another 3.2 million shares (plus 480,000 for over allotment) on 1/18/2022.
New York Mortgage Trust 7.00% Series G Cumulative Redeemable Preferred Stock
New Residential Investment Corporation 7.00% Fixed-Rate Reset Series D Cumulative Redeemable Preferred Stock
Coupon is fixed until 11/15/2026 after which it will reset at the 5 year treasury plus a fixed spread of 6.223%. There after it will reset every 5 years.
Pennymac Mortgage Investment Trust 6.75% Series C Cumulative Redeemable Preferred Stock
Arbor Realty Trust Inc. 6.25% Series E Cumulative Redeemable Preferred Stock
New York Mortgage Trust Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at .875% until 10/15/2026 at which point it begins to float at 3 month SOFR plus a spread of 6.13%
Arbor Realty Trust Inc. 6.375% Series D Cumulative Redeemable Preferred Stock
Ready Capital Corporation 6.50% Series E Cumulative Redeemable Preferred Stock
ACRES Commercial Realty Corp 7.875% Series D Cumulative Redeemable Preferred Stock
Lument Finance Trust Inc. 7.875% Series A Cumulative Redeemable Preferred Stock
Ready Capital Corporation 5.75% Senior Notes due 2026
Sachem Capital Corp 7.75% Notes due 9/30/2025
This issue was reopened on 10/20/2020 and another 560.000 shares were sold
Nexpoint Real Estate Finance 8.50% Series A Cumulative Redeemable Preferred Stock
MFA Finanical 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Dividend suspended 3/2020 because of asset damage caused by Covid 19. 7/1/2020 The preferred stock was reinstated.
Coupon is fixed at 6.50% until 3/31/2025 after which it will float at 3 month Libor plus a spread of 5.345%
Dynex Capital Inc. 6.90% Series C Fixed-to-Floating Rate Cuymulate Redeemable Preferred Stock
Coupon is fixed at 6.90% until 4/14/2025 afterwhich the rate will be 3 month Libor plus a spread of 5.461% reset quarterly.
New Residential Investment Corp 6.375% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed until 2/15/2025 after which it will float at 3 month Libor plus a spread of 4.969%
AGNC Investment Corp 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 6.125% until 4/14/2025 after which it floats at 3 month Libor plus a spread of 4.697%
ARMOUR Residential REIT Inc. 7.00% Series C Cumulative Redeemable Preferred Stock
Sachem Capital 6.875% Notes due 2024
Ellington Financial Inc. 6.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
The coupon is fixed at 6.75% until 10/30/2024 at which time it floats at 3 month Libor plus a spread of 5.196%
New York Mortgage Trust Inc 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 7.875% until 1/15/2025 at which point it begins to float at 3 month Libor plus a spread of 6.429%
AG Mortgage Investment Trust 8.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon will be fixed at 8% until 9/17/2024 at which point it will begin to float at 3 month Libor plus a spread of 6.475%
AGNC Investment Corporation, 6.50% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
The dividend is fixed at 6.50% until 10/15/2024 after which it floats at 3 month Libor plus a spread of 4.993%
Ready Capital Corporation 6.20% Senior Notes Due 2026
If baby bonds are called on or after 7/30/2022 but before 7/30/2025 they are called at 101% plus accrued interest. If called on or after 7/30/2025 they are called at $25 plus accrued interest.