New York Mortgage Trust Prices New FTF Preferred
Mortgage REIT New York Mortgage Trust (NYMT) has priced their new issue of fixed-to-floating rate preferred stock. The issue prices with an initial fixed rate coupon of 6.875%. The issue will convert to a floating rate of 3 month SOFR (secured overnight financing rate) plus a spread of 6.13% on 10|15|2026. This issue will trade Continue reading "New York Mortgage Trust Prices New FTF Preferred" The post New York Mortgage Trust Prices New FTF Preferred first appeared on Innovative Income Investor .
New York Mortgage Trust Prices New FTF Preferred
Mortgage REIT New York Mortgage Trust (NYMT) has priced their new issue of fixed-to-floating rate preferred stock. The issue prices with an initial fixed rate coupon of 6.875%. The issue will convert to a floating rate of 3 month SOFR (secured overnight financing rate) plus a spread of 6.13% on 10|15|2026. This issue will trade Continue reading "New York Mortgage Trust Prices New FTF Preferred" The post New York Mortgage Trust Prices New FTF Preferred first appeared on Innovative Income Investor .