Sector: REIT
PS Business Parks 4.875% Cumulative Preferred Stock, Series Z
PS Business Parks acquired by Blackstone on 7/20/2022. Ratings withdrawn
Shares were tendered for at a price of $14.34/share and 9.7 million shares were tendered. Shares to delist 1/13/2023
Balance of shares not tendered now trading on the OTC market
Shares were tendered for (again) at a price of $14.34/share on 3/1/2023).
Ellington Financial Inc. 6.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
The coupon is fixed at 6.75% until 10/30/2024 at which time it floats at 3 month Libor plus a spread of 5.196%
New York Mortgage Trust Inc 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Coupon is fixed at 7.875% until 1/15/2025 at which point it begins to float at 3 month Libor plus a spread of 6.429%
Digital Realty Trust 5.20% Series L Cumulative Redeemable Preferred Stock