Coupon is fixed at 9% until 7/2022 after which it floats at a rate of 3 month Libor plus a spread of 7.213%
6/3/2021 dividends are suspended
Type: Floating Rate
Flagstar Bank 6.375% Fixed to Floating Rate Noncumulative Perpetual Preferred Stock
Coupon is fixed at 6.375% until 6/17/2027 after which it floats at the rate of 3 month Libor plus a spread of 3.821%.
Effective 10/25/2024 New York Community Bank (NYCB) is now Flagstar (FLG)
Morgan Stanley 5.85% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series F
Coupon will be fixed at 5.85% until 1/14/2027 at which time the coupon will float at 3 month Libor plus a spread of 3.491%.
Only redeemable on a dividend payment date.
Landmark Infrastructure Partners LP Series C Floating to Fixed Rate Cumulative Perpetual Redeemable Convertible Preferred Units
The dividend payment floats at a rate of the higher of 7% OR 3 month Libor plus a spread of 4.698% until 5/15/2025 at which point the dividend will be 9%.
First Internet Bancorp 6.00% Fixed-to-Floating Rate Subordinated Notes due 2026
The coupon will be 6% until 9/30/2021 after which it will float at a rate of 3 month Libor plus a spread of 4.85%