Granite Point Mortgage Trust Inc 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 7.00% until 1/14/2027 after which the rate is reset at 3 month SOFR plus a fixed spread of 5.83%. The coupon has a floor of 7.00% (coupon will never be below 7.00%).

The company is selling another 3.2 million shares (plus 480,000 for over allotment) on 1/18/2022.




Arbor Realty Trust Inc. 6.25% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 6.25% until 10/30/2026 after which it will float at 3 month SOFR plus a fixed spread of 5.442%

The company reopened this issue on 1/31/2022 with the sale of 3.1 million shares with another 425,000 shares available for over allotments. The sales is made at $24.20




New York Mortgage Trust Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at .875% until 10/15/2026 at which point it begins to float at 3 month SOFR plus a spread of 6.13%




OceanFirst Financial 7.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A

Coupon is fixed at 7% until 5/15/2025 after which time the coupon floats at 3 month SOFR plus a spread of 6.845%.




MFA Finanical 6.50% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Dividend suspended 3/2020 because of asset damage caused by Covid 19. 7/1/2020 The preferred stock was reinstated.

Coupon is fixed at 6.50% until 3/31/2025 after which it will float at 3 month Libor plus a spread of 5.345%




Dynex Capital Inc. 6.90% Series C Fixed-to-Floating Rate Cuymulate Redeemable Preferred Stock


Coupon is fixed at 6.90% until 4/14/2025 afterwhich the rate will be 3 month Libor plus a spread of 5.461% reset quarterly.






Rithm Capital (New Rez) Series C 6.375% Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Name changed 8/1/2022–Previously New Residential Investment. Tickers changed.

Coupon is fixed until 2/15/2025 after which it will float at 3 month Libor plus a spread of 4.969%




AGNC Investment Corp 6.125% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 6.125% until 4/14/2025 after which it floats at 3 month Libor plus a spread of 4.697%




Medallion Bank 8.00% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F

The coupon will be fixed at 8% until 4/1/2025 after which it will float at the rate of 3 month SOFR, plus a spread of 6.46%.

Medallion Bank is a division of Medallion Financial

We show no prospectus below because the bank files through the FDIC and one must go to that site and search for the prospectus
https://efr.fdic.gov/fcxweb/efr/index.html





FTAI Aviation LTD 8.00% Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Stock

Coupon is fixed until 12/15/2024 at 8.00% after which it will float at 3 month Libor plus a spread of 6.447%.

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.