NRZ-A New Residential Investment 7.50% Series A Fixed-to-Floating Cumulative Preferred

Cumulative cash dividends (i) from and including the original issue date to, but excluding, August 15, 2024 at a fixed rate equal to 7.50% per annum of the $25.00 per share liquidation preference (equivalent to $1.875 per annum per share) and (ii) from and including August 15, 2024, at a floating rate per annum equal to three-month LIBOR plus a spread of 5.802% per annum. Dividends will be payable quarterly in arrears on or about the 15th day of February, May, August and November of each year, when and as declared, beginning on November 15, 2019 (long first Dividend Period (as defined herein)). Dividends will accumulate and be cumulative from, and including, the original issue date of the Series A Preferred Stock. On or after August 15, 2024, we may, at our option, subject to certain procedural requirements, redeem any or all of the shares of the Series A Preferred Stock for cash at a redemption price of $25.00 per share of the Series A Preferred Stock, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date, without interest. I  This security was issued by New Residential Investment Corp, whose common stock symbol is NRZ.

$25.42  -0.04 (-0.16%)
As of 10/27/2021 15:26:56 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  REIT—Mortgage
Index country:  USA
Country of incorporation:  USA
IPO date:  06/26/2019
Outstanding shares:  6,210,000
Average volume:  12,020
Market cap:   $157,671,900
Current dividend yield:  7.39%    calculation
Initial coupon rate:    7.500%
Spread to LIBOR: 0.058020
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   08/15/2024
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    64828T300
ISIN:        US64828T3005
Sedol:      BJHNY35

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