I am surprised a REIT like NLY doesn't immediately call their floating preferred stock like NLY-F, which will be paying a 9.72% yield vs. par value on 03/31/2022 and currently yields 9.99% vs. par value. NLY is able to borrow money @ 4.19% according to their 12/31/2022 10-K.
Great update, thanks.
Minor typo: AGNCM floats 4/15/2024, not 2025.
Good catch. Thank you. Got it fixed in the article now.
Really smart that Seeking Alpha is actually driving investors away from their web site by making very poor management decisions.
I am surprised a REIT like NLY doesn't immediately call their floating preferred stock like NLY-F, which will be paying a 9.72% yield vs. par value on 03/31/2022 and currently yields 9.99% vs. par value. NLY is able to borrow money @ 4.19% according to their 12/31/2022 10-K.