Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.
Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.640%
Sector: Mortgage
Sachem Capital 7.125% Notes due 2024
Rithm Capital (New Rez) 7.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.
Coupon is fixed until 8/15/2024 after which it will float at 3 month Libor plus a spread of 5.802%
Annaly Capital Management 6.75% Series I Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Annaly Capital Management, Inc. is a real estate investment trust (REIT) that primarily invests in and manages a portfolio of mortgage-backed securities. The company operates as a middleman between borrowers and lenders by using the funds from short-term borrowings to purchase long-term, fixed-rate mortgages. Annaly Capital generates revenue through the difference between the interest income earned on its mortgage investments and the cost of its borrowings. The company’s goal is to generate high, stable income for its shareholders while also preserving capital. Annaly Capital is headquartered in New York and was founded in 1997.
Coupon is fixed at 6.75% until 6/30/2024 after which the rate resets quarterly at 3 month libor plus 4.989%.
Ellington Financial 8.25% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
The coupon will be fixed until 3/30/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.664%
Ticker symbol changed 10/26/2020
Originally issued by Arlington Asset which was acquired by Ellington Financial on 12/14/2023