Preferred stock dividend reinstated 4/2020
Dividend suspended 3/2020 because of asset damage caused by Covid 19.
Coupon is fixed at 7.625% until 7/27/2027 at which point it floats at 3 month Libor plus a spread of 5.352%
Sector: Mortgage
Chimera Investment Corp 8.00% Series B Fixed-to-Floating Rate Cumulative, Redeemable Preferred Stock
The coupon is 8% until 3/30/2024 at which time the coupon becomes floating rate at the rate of 3 month libor plus a spread of 5.791%
Wells Fargo Real Estate Investment Corp., 6.375% Cumulative Perpetual Preferred Stock Series A
ACRES Commercial Realty., 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock
Name (and tickers) changed to ACRE Commercial Realty 2/17/2021 instead of Exantus
9/21/2020 Dividends have been reinstated and cumulative dividends have been paid
Dividend suspended 3/2020 because of asset damage caused by Covid 19.
PREVIOUSLY WAS RESOURCE CAPITAL
Coupon will remain at 8.625% until 7/30/2024 at which time it will float at a rate of 3 month Libor plus a spread of 5.927%. Once the coupon reachs the floating rate period the coupon will NOT move below 8.625%–this is the “floor”
Coupon will remain at 8.625% until 7/30/2024 at which time it will float at a rate of 3 month Libor plus a spread of 5.927%. Once the coupon reachs the floating rate period the coupon will NOT move below 8.625%–this is the “floor”