Granite Point Mortgage Trust Inc 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

Coupon is fixed at 7.00% until 1/14/2027 after which the rate is reset at 3 month SOFR plus a fixed spread of 5.83%. The coupon has a floor of 7.00% (coupon will never be below 7.00%).

The company is selling another 3.2 million shares (plus 480,000 for over allotment) on 1/18/2022.




GPMT-A
GPMT
NA
11/22/2021
01/15/2027
None
4,000,000
600,000
7.00%
$25.00
Yes
No
0.4375
Last Day
JAN, APR, JUL, OCT
15
NR
C
NR
NR
NR