Sector: Mortgage
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”
Resource Capital Corp., 8.25% Series B Cumulative Redeemable Preferred Stock
RAIT Financial Trust, 8.875% Series C Cumulative Redeemable Preferred Shares
Dividends are suspended
RAIT filed for bankruptcy on 8/30/2019
New York Mortgage Trust, 7.875% Series C Cumulative Redeemable Preferred Stock