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New York Mortgage Trust Inc 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

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%




AG Mortgage Investment Trust 8.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

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%




FTAI Aviation LTD 8.25% Fixed-to-Floating Rate Series A Perpetual Redeemable Preferred Stock

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.





Merchants Bancorp 6.00% Fixed-to-Floating Rate Series B Non-Cumulative Perpetual Preferred Stock

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





Rithm Capital (New Rez) 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

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%