This issue has a failure to redeem clause. If the shares are not redeemed on 3/31/2024 the coupon will increase 2% per year until redeemed. Additionally if dividends are not paid on schedule the coupon will rise 2% annually until redeemed (or until the dividend is paid).
Redeemed 12/10/2021
OCCIP
OCCI
OCCIP
03/18/2019
03/31/2021
03/31/2024
800,000
120,000
6.875%
$25.00
Yes
Variable
0.143
Pays Every Month
Last Day