New York Mortgage Trust to Sell Fixed to Floating Preferred
mREIT New York Mortgage Trust (NYMT) has announced a new issue of fixed-to-floating rate preferred. The company already has 4 high yield issues outstanding which can be seen here2 of the issues are currently redeemable. The company hopes to redeem the C series 7.875% preferred (NYMTO) with the proceeds of the new issue. The preliminary Continue reading "New York Mortgage Trust to Sell Fixed to Floating Preferred" The post New York Mortgage Trust to Sell Fixed to Floating Preferred first appeared on Innovative Income Investor .
New York Mortgage Trust to Sell Fixed to Floating Preferred
mREIT New York Mortgage Trust (NYMT) has announced a new issue of fixed-to-floating rate preferred. The company already has 4 high yield issues outstanding which can be seen here2 of the issues are currently redeemable. The company hopes to redeem the C series 7.875% preferred (NYMTO) with the proceeds of the new issue. The preliminary Continue reading "New York Mortgage Trust to Sell Fixed to Floating Preferred" The post New York Mortgage Trust to Sell Fixed to Floating Preferred first appeared on Innovative Income Investor .