Coupon is fixed at 5.25% until 9/1/2026 at which point the coupon is reset at the 5 year treasury plus a spread of 4.42%. Rate is reset every 5 years thereafter.
Type: Fixed-Rate Reset
Textainer Group Holdings Limited 7.00% Series A Cumulative Redeemable Perpetual Preference Shares
Coupon is set at 7.00% until 6/14/2026. On 6/15/2026 the coupon is reset at 6.134% plus the 5 year treasury. The issue resets on every 5th anniversary.
FTAI Aviation 8.25% Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Stock
Coupon is fixed until 6/15/2026 at 8.25% after which it will reset at the 5 year treasury rate plus a spread of 7.378%. There after the coupon will reset every 5 years.
This is a K-1 issuing security
On 4/26/2022 the company transferred to the NASDAQ from the NYSE and all tickers of preferred shares changed
FTAI Aviation was spun off from Fortress Transportation Infrastructure effective 11/10/2022
Issue is no longer a K-1 issuer.
Wesco International 10.625% Fixed Rate Reset Cumulative Preferred Stock
Coupon is fixed until 6/22/2025 after which it is reset every 5 years at the 5 year treasury rate plus a spread of 10.325%. The issue is only redeemable on a reset date–i.e. every 5 years.
WesBanco Inc. 6.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
Coupon is fixed at 6.75% until 11/14/2025. On 11/15/2025 the rate will be the 5 year treasury and a spread of 6.557% which is reset every 5 years.