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%
Sector: REIT
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%.
Armada Hoffler Properties Inc 6.75% Series A Cumulative Redeemable Perpetual Preferred Stock
8/14/2020–The company announced they were offering another 3.6 million shares of this series of preferred
Sotherly Hotels Inc. 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock
Dividend suspended 3/2020 because of the drop in business caused by Covid 19.
Dividends reinstated 1/24/2023
Global Net Lease (Necessity Retail) 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock
Global Net Lease merged with The Essential REIT effective 9/12/2023 and the old ticker was transitioned to this new ticker
American Finance Trust renamed Necessity Retail REIT 0n 2/15/2022
Shares reopened on 9/4/2019. 3 million shares (plus 450,000 for overallotments) were priced at $25.25