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%.
Sector: Mortgage
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.
Ready Capital Corp 7.00% Convertible Senior Notes
Was Previously Sutherland Asset Management.
The conversion rate will initially equal 1.4997 shares of our common stock per $25.00 principal amount of notes (equivalent to a conversion price of approximately $16.67 per share of our common stock). The conversion rate, and thus the conversion price, will be subject to adjustment as described in this prospectus supplement. Following the occurrence of a make-whole fundamental change or if we deliver a notice of redemption, we will, in certain circumstances, increase the conversion rate for a holder that converts its notes in connection with such make-whole fundamental change or notice of redemption, as the case may be.
We may not redeem the notes prior to August 15, 2021. We may redeem for cash all or any portion of the notes, at our option, on or after August 15, 2021 if the last reported sale price of our common stock has been at least 120% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No “sinking fund” will be provided for the notes.
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.
Apollo Commercial Real Estate Finance 8% Cumulative Redeem Perpetual Preferred Stock Series C
This issue was originally issued by Apollo Residential Mortgage as a Series A issue
Ready Capital Corp 6.25% Series C Cumulative Convertible Preferred Stock
Previously issued by Anworth Mortgage which was acquired by Ready Capital on 3/19/2021 and all terms and conditions remain the same.
AGNC Investment 7.00% Series C Fix-to-Floating Cumulative Redeemable Preferred Stock
AGNC Investment Corp (AGNC) is a Mortgage Real Estate Investment Trust (REIT) that specializes in investing in residential mortgage-backed securities. AGNC is one of the largest mortgage REITs in the United States and has a strong track record of delivering consistent income to its shareholders.
AGNC’s business model involves borrowing money at short-term interest rates and investing in long-term residential mortgage-backed securities. The difference between the short-term borrowing rate and the long-term mortgage yield is the profit margin for the REIT. This strategy allows AGNC to generate high levels of income for its shareholders, often yielding more than other types of REITs and traditional fixed-income investments.
However, like all mortgage REITs, AGNC is subject to a number of risks, including interest rate risk, credit risk, and liquidity risk. Interest rate risk arises from the fact that AGNC borrows at short-term rates and invests in long-term assets, meaning its profits are sensitive to changes in interest rates. Credit risk refers to the possibility of defaults or other problems with the underlying mortgages in AGNC’s portfolio. Liquidity risk refers to the possibility that AGNC may have difficulty selling its investments to meet its obligations, particularly during periods of market turbulence.
Despite these risks, AGNC has a strong track record of delivering consistent income to its shareholders and is well-regarded in the mortgage REIT industry. The company has a strong management team and a well-established investment strategy, making it a popular choice among investors seeking high-yielding income investments.
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%