Ready Capital Corp 7.00% Convertible Senior Notes

Was Previously Sutherland Asset Management.






RAIT Financial Trust 7.125% Senior Notes due 2019




RAIT Financial Trust 7.625% Senior Notes due 2024




Great Ajax 7.25% Convertible Senior Notes due 2024

In August, 2017 the company reopened this issue and sold another 820,000 shares.

In November, 2018 again this issue is reopened. 634,000 shares.





Anworth Mortgage Asset Corp 6.25% Series B Cumulative Convertible Preferred Stock




AGNC Investment 7.00% Series C Fix-to-Floating Cumulative Redeemable Preferred Stock

Coupon is fixed at 7% until 10/15/2022 after which it floats at 3 month Libor plus a spread of 5.111%




Chimera Investment Corp 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed until 9/30/2025 at 7.75% after which the coupon will float at a rate of 3 month Libor plus a spread of 4.743%




Ready Capital Corporation 6.50% Senior Notes due 2021

Previously was Sutherland Asset Management

If baby bonds are called on or after 4/30/2019 but before 4/30/2020 they are called at 101% plus accrued interest. If called on or after 4/30/2020 they are called at $25 plus accrued interest.







PennyMac Mortgage Investment Trust 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 8.125% until 3/15/2024 after which it floats at a rate of 3 month Libor plus a spread of 5.831%




PennyMac Mortgage Investment Trust 8% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Shares

Coupon is fixed at 8% until 6/15/2024 after which time it will begin to float at 3 month Libor plus a spread of 5.99%




Annaly Capital Management, 6.95% Series F Fixed-to-Floating Cumulative Redeemable Preferred Stock

Coupon is fixed at 6.95% until 9/30/2022 after which the rate resets quarterly at 3 month libor plus 4.993%.




Jernigan Capital 7.00% Series B Cumulative Redeemable Perpetual Preferred Stock





Annaly Capital Management Series G 6.50% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 6.50% until 3/31/2023 after which the coupon floats at a rate of 3 month Libor plus a spread of 4.172%




Two Harbors Investment Corp., 7.25% Series C Fixed-to-Floating Cumulative Redeemable Preferred Stock

Preferred stock dividend reinstated 4/2020

Dividend suspended 3/2020 because of asset damage caused by Covid 19.

Coupon is fixed at 7.25% until 1/27/2025 at which point it begins to float at 3 month Libor plus a spread of 5.011%




New York Mortgage Trust 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 8% until 10/15/2027 at which point it begins to float at 3 month Libor plus a spread of 5.695%




Colony Capital 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock




Invesco Mortgage Capital Inc. 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock

Dividend suspended 3/2020 because of asset damage caused by Covid 19. On 5/12/2020 the company announced the reinstatement of the dividend to be paid in a combination of stock and cash

Shares carry a coupon of 7.50% until 9/27/2027 and then move to floating rate of a spread of 5.289% plus 3 month libor.





Two Harbors Investment 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Preferred stock dividend reinstated 4/2020

Dividend suspended 3/2020 because of asset damage caused by Covid 19.

Coupon is fixed at 8.125% until 4/26/2027 at which point it floats at 3 month Libor plus a spread of 5.66%





Two Harbors Investment 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

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%





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%




Exantas Capital Corp., 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock

Name (and tickers) changed to ACRE Commercial Realty 2/17/2021

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 reach the floating rate period the coupon will NOT move below 8.625%–this is the “floor”