Coupon is fixed at 7.75% until 10/15/2027 after which it will reset at the 5 year treasury yield plus a spread of 4.39%. Coupon will then reset on the anniversary every 5 years.
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.
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.
Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.
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.
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%
Upon the occurrence of a Change of Control, each holder of shares of Series D Preferred Stock will have the right (subject to our election to redeem the Series D Preferred Stock in whole or in part, as described above, prior to the Change of Control Conversion Date (as defined herein)) to convert some or all of the shares of Series D Preferred Stock held by such holder on the Change of Control Conversion Date into a number of shares of our common stock per share of Series D Preferred Stock equal to the lesser of:
the quotient obtained by dividing (i) the sum of the $25.00 liquidation preference per share of the Series D Preferred Stock plus the amount of any accumulated and unpaid dividends thereon to, but not including, the Change of Control Conversion Date (unless the Change of Control Conversion Date is after a dividend record date and prior to the corresponding dividend payment date for the Series D Preferred Stock, in which case no additional amount for such accrued and unpaid dividend will be included in this sum) by (ii) the Common Stock Price (as defined herein); and 2.8571, or the Share Cap, subject to certain adjustments as explained herein; in each case, on the terms and subject to the conditions described in this prospectus supplement, including provisions for the receipt, under specified circumstances, of alternative consideration as described in this prospectus supplement.