New Preferred Stock And Exchange Traded Debt IPOs, July 2024

(9min)

Summary

  • New offerings from New York Mortgage Trust, Dime Community Bancshares, and Oxford Lane Capital Corp. with fixed coupon rates and credit ratings.
  • DCOMG achieved a perfect CDx3 Compliance Score, while Morgan Stanley and Regions Financial Corporation also priced new preferred stock offerings.
  • Investors can buy new shares at wholesale prices through the OTC exchange, track past preferred stock IPOs below par, and stay updated on the current marketplace offerings.

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New offering summaries:

New York Mortgage Trust (NYMT) priced an offering of $60 million worth of new exchange traded senior notes due 2019, offering a fixed coupon of 9.125%. The new notes, which may be redeemed by the

This article was written by

Whether you are the kind of investor who sticks with preferred stocks with a CDx3 Compliance Score rated 10 out of 10, or whether your portfolio has room for 9-score-and-lower securities, stay tuned for future articles recapping new IPOs and interesting preferred stock activity that we notice here at the CDx3 Notification Service.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Related Stocks

SymbolLast Price% Chg
NYMT--
New York Mortgage Trust, Inc.
DCOM--
Dime Community Bancshares, Inc.
OXLC--
Oxford Lane Capital Corporation
BDC--
Belden Inc.
TRIN--
Trinity Capital Inc.

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