Texas Capital Bancshares Inc. 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B

May only be redeemed on a dividend payment date





First Republic Bank 4.25% Non-Cumulative Perpetual Preferred Stock, Series L





U.S. Bancorp 4.00% Series M Non-Cumulative Perpetual Preferred Stock




Washington Federal Inc 4.875% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A




Bank of America 4.12% Non-Cumulative Preferred Stock, Series PP




Huntington Bancshares Inc. 4.50% Series H Non-Cumulative Perpetual Preferred Stock




Wells Fargo & Company 4.375% Non-Cumulative Perpetual Class A Preferred Stock, Series CC

Can only be redeemed on dividend payment date




Brookfield Infrastructure Partners LP 5.00% Class A Preferred Limited Partnership Units, Series 14






Alta Equipment Group Inc. 10% Series A Cumulative Perpetual Preferred






U.S Bancorp 3.75% Non-Cumulative Perpetual Preferred Stock, Series L




Xoma Corporation 8.625% Series A Cumulative Perpetual Preferred Stock




Signature Bank 5.00% Non Cumulative Perpetual, Series APreferred Stock

The bank is regulated by the FDIC and as such there are no SEC filings. The links below direct to the company website where filings may be found




Fortress Biotech 9.375% Series A Cumulative Perpetual Preferred Stock

Follow on offerings have been made numerous times since the original issuance at prices ranging from $18/share to $25/share. As of 9/30/2020 there were 3.427 million shares outstanding

Dividends were originally paid quarterly but in June, 2020 dividend payments were changed to monthly




Selective Insurance Group 4.60% Non-Cumulative Preferred Stock, Series B




Athene Holding LTD 4.875% Fixed-Rate Perpetual Non-Cumulative Preference Shares




Ontrak Inc 9.50% Series A Cumulative Perpetual Preferred Stock

Shares reopened on 12/15/2020. 1.73 million shares to be offered plus over allotment of 259,500.




Vornado Realty Trust 5.25% Series N Cumulative Redeemable Preferred Shares



Watford Holdings LTD 8.50% Cumulative Redeemable Preference Shares

9,065,200 shares were sold in a private placement on 3/31/2014 with a coupon of 8.5%. Coupon is fixed at 8.50% until 6/30/2019 at which point shares float at 3 month Libor plus a spread of 6.6785%. IF 3 month libor is BELOW 1% then 1% will be used as the libor floor.

The company redeemed 6,919,998 shares on 7/2/2019







Bank of America Corp 4.375% Non-Cumulative Preferred Shares, Series NN




Brighthouse Financial Inc. 5.375% Non-Cumulative Preferred Stock, Series C




Public Storage 3.90% Cumulative Preferred Shares, Series O