Shares shall carry a coupon of 8.20% until 3/15/2023 at which time the coupon will float at the rate of 3 month libor plus a spread of 5.839%.
Investors in this security will receive a 1099 NOT a K-1 as GasLog Partners has chosen to be taxed as a C-Corp.
GasLog Partners merged with Gaslog LTD on 7/13/2023. Gaslog LTD is the surviving company, but Gaslog Partners preferreds remain outstanding. Gaslog LTD had previously done a ‘take private’ deal and thus is not publicly traded.
This issue will trade with 3 month SOFR + .2616% replacing LIBOR. So 3 month SOFR + .2616 will be added to a spread of 5.839%
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 6.50% until 3/31/2023 after which the coupon floats at a rate of 3 month Libor plus a spread of 4.172%
Coupon is fixed at 7.625% until 6/15/2022. After this date the rate will float at a rate of 3 month Libor plus a spread of 5.643%.
Coupon will be fixed at 9% until 12/15/2022 after which is will float at 3 month Libor plus a spread of 6.88%
Preferred stock dividend reinstated 4/2020
Dividend suspended 3/2020 because of asset damage caused by Covid 19.
Coupon is fixed at 7.25% until 1/27/2025 at which point it begins to float at 3 month Libor plus a spread of 5.011%
