Sector: Mortgage
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
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.
New Residential Investment Corporation 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.640%
Sachem Capital 7.125% Notes due 2024
New Residential Investment Corp 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.802%
Annaly Capital Management 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 6.75% until 6/30/2024 after which the rate resets quarterly at 3 month libor plus 4.989%.
Arlington Asset Investment Corp 8.25% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
The coupon will be fixed until 3/30/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.664%
Ticker symbol changed 10/26/2020
Arlington Asset Investment 7% Series B Cumulative Perpetual Redeemable Preferred Stock
Issue came to market at $24/share
Ticker Symbol Changed 10/26/2020
AGNC Investment Corporation 6.875% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 6.875% until 4/15/2024 after which it floats at 3 month Libor plus a spread of 4.332%
Cherry Hill Mortgage Investment 8.25% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed until 4/14/2024 after which it floats at a rate of 3 month Libor plus a spread of 5.631%
Chimera Investment Corporation 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 8.00% until 3/30/2024 after which it floats at a rate of 3 month Libor plus a spread of 5.379%.
Annaly Capital Management 8.125% Series H Cumulative Redeemable Preferred Stock
Previously was a MTGE Mortgage issue. Regardless of the prospectus– payment date on this issue was changed to the last day of March, June, September and December.