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The Bank of New York Mellon Corporation 6.15% Series K Non Cumulative Preferred Stock (Reset)

Only redeemable on a dividend payment date

Coupon will be reset on March 20, 2030 at the 5 year treasury rate plus a spread of 2.161%





Rithm Property Trust 9.875% Series C Fixed to Floating Rate Cumulative Preferred Stock

Coupon is fixed until 5/15/2030 after which it will reset quarterly at the 3 month SOFR plus a fixed spread of 5.56%.




Triton International Limited 7.625% Series F Cumulative Redeemable Perpetual Preference Shares

Triton International was bought by Brookfield Infrastructure on 9/28/2023. Preferreds remain outstanding.




Merchants Bancorp 7.625% Fixed-Rate Series E Non-Cumulative Perpetual Preferred Stock

May only be redeemed on a dividend payment date





Bank of Hawaii Corp 8.00% Non Cumulative Perpetual Preferred Stock, Series B