Interest payments can be deferred without a default for up to 5 years, in more than 1 instance. Interest will continue to accrue will deferred. No deferral can last beyond the maturity date.
Notes may be called any time prior to 1/1/2026 until maturity (3/31/2026) at $25 plus accrued interest and a make whole payment (present value of future interest payments
The chart shown below is incorrect as this issues 1st day of trade was 3/4/2021–GAINN was used as a ticker previously
Interest may be deferred on one or more occasions for up to 5 consecutive years. Interest will continue to accrue.
Bonus for early redemption. If called on or after 1/31/2022 and prior to 1/31/2023 the redemption is $25.75 plus accrued and unpaid interest. If called on or after 1/31/2023 and prior to 1/31/2024 the redemption is at $25.50 plus accrued and unpaid interest. If called on or after 1/31/2024 but before 1/31/2025 the call is at $25.25 plus accrued but unpaid interest. After 1/31/2025 standard terms apply
The Terra Income Fund is a non-traded REIT–there is no parent company that is publicly traded.
Notes are rated BBB by Egan Jones