Coupon is fixed at 7.875% until 1/15/2025 at which point it begins to float at 3 month Libor plus a spread of 6.429%
Special Optional Redemption. Upon the occurrence of a Change of Control, we may, at our option, upon not less than 30 nor more than 60 days’ notice, redeem the Series C Preferred Stock, in whole or in part, within 120 days after the first date on which such Change of Control occurred, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon to (whether or not authorized or declared), but excluding, the redemption date. If, prior to the Change of Control Conversion Date, we have provided notice of our election to redeem some or all of the shares of Series C Preferred Stock (whether pursuant to our optional redemption right described above under “-Optional Redemption” or this special optional redemption right), the holders of Series C Preferred Stock will not have the Change of Control Conversion Right (as defined below) described below under “-Conversion Rights” with respect to the shares called for redemption.
A “Change of Control” is deemed to occur when, after the original issuance of the Series C Preferred Stock, the following have occurred and are continuing:the acquisition by any person, including any syndicate or group deemed to be a “person” under Section 13(d)(3) of the Exchange Act, of beneficial ownership, directly or indirectly, through a purchase, merger or other acquisition transaction or series of purchases, mergers or other acquisition transactions of our stock entitling that person to exercise more than 50% of the total voting power of all our stock entitled to vote generally in the election of our directors (except that such person will be deemed to have beneficial ownership of all securities that such person has the right to acquire, whether such right is currently exercisable or is exercisable only upon the occurrence of a subsequent condition); and
following the closing of any transaction referred to in the bullet point above, neither we nor the acquiring or surviving entity has a class of common securities (or American Depositary Receipts representing such securities) listed on the NYSE, the NYSE American or the Nasdaq Stock Market, or listed or quoted on an exchange or quotation system that is a successor to the NYSE, the NYSE American or the Nasdaq Stock Market.
Coupon will be fixed at 8% until 9/17/2024 at which point it will begin to float at 3 month Libor plus a spread of 6.475%
Coupon is fixed until 9/14/2024 at 8.25% after which it will float at 3 month Libor plus a spread of 6.886%.
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.
Coupon is fixed until 10/1/2024 at 6.00% after which it begins to float at a rate of 3 month Libor plus a spread of 4.569%
May only be redeemed on a dividend payment date
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 5.640%
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%
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%.
Merged with Apollo Global Management 1/3/2022
The coupon will be fixed until 6/30/2029 at 6.35% after which point the rate will be reset at a rate of 3 month Libor plus a spread of 4.253%, reset quarterly
Originally issued by Tristate Capital which was merged with Raymond James Financial effective 6/1/2022
Shares Shall be fixed rate at 6.375% until 7/1/2026 at which time they will float at a rate of 3 month libor plus 4.088%
Only redeemable on a dividend payment date
4/21 Ticker Changed.
The coupon is fixed at 7.60% until 5/15/2024 after which it will float at a rate of 3 month Libor plus a spread of 5.161%