Featured Articles
Ashford Hospitality Trust 7.50% Series H Cumulative Preferred Stock
Tim McPartland | August 26, 2017
Date Issued 8/18/2017 Shares Issued 3,400,000 Overallotment Shares 510,000 S&P Rating NR Moodys Rating NR Ticker Symbol AHT-H OTC Grey Market AHHSP Market Traded ON NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/16/2017 Quarterly Dividend .469 Annual Dividend 1.875 Securities may be redeemed, at the issuers option, as early as 8/25/2022 the…
Arch Capital 5.45% Non-Cumulative Preferred Shares, Series F
Tim McPartland | August 26, 2017
Date Issued 8/10/2017 Shares Issued 8,000,000 Overallotment Shares 1,200,000 S&P Rating BBB Moodys Rating Baa2 Security Ticker Symbol ACGLO OTC Temp Ticker AHCCF Market Traded ON NASDAQ Dividend Payment Paid on the last day of March, June, September and December beginning on 1/2/2018 Quarterly Dividend .341 Annual Dividend 1.3625 Securities may be redeemed, at the issuers option, as early as 08/17/2022 for a redemption…
New mREIT Preferreds Sold
Tim McPartland | August 22, 2017
August 21, 2017 By Tim McPartland In what has turned into an avalanche of new preferred stock and baby bond issues, three mortgage real estate investment trusts (mREITs) have sold new issues. Interesting opportunities are resulting. But keep in mind that since dividends paid by preferred issues for REITs are cumulative, they are not qualified for preferential tax treatment. Invesco…
AGNC Investment Corp 7% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Tim McPartland | August 22, 2017
Date Issued 8/15/2017 Shares Issued 12,000,000 Overallotment Shares 1,800,000 S&P Rating NR Moodys Rating NR Security Ticker Symbol AGNCN OTC Temp Ticker AGNNP Market Traded ON NASDAQ Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2017 Quarterly Dividend .4375 Annual Dividend 1.75 Dividends will float after 10/15/2022 at a rate of 3 month libor plus 5.111%…
Cherry Hill Mortgage Investment 8.20% Series A Cumulative Redeemable Preferred Stock
Tim McPartland | August 22, 2017
Date Issued 8/10/2017 Shares Issued 2,200,000 Overallotment Shares 330,000 S&P Rating NR Moodys Rating NR Security Ticker Symbol CHMI-A OTC TempTicker CHMMP Market Traded ON NYSE Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2017 Quarterly Dividend .5125 Annual Dividend 2.05 Securities may be redeemed, at the issuers option, as early as 8/17/2022 the call price is $25…
