NRZ-D New Residential Investment Corp. 7.00% Fixed-Rate Reset Series D Cumulative Preferred

Dividends on the Series D Preferred Stock are cumulative from and including the date of original issue and will be payable quarterly in arrears on or about the 15th day of February, May, August and November of each year, commencing November 15, 2021. Dividends based on the stated liquidation preference of $25.00 per share will be payable on the shares at a rate equal to (i) from and including the date of original issue to, but excluding, November 15, 2026, 7.00% per annum, and (ii) thereafter, during each reset period, at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus a spread of 622.3 basis points per annum. On or after November 15, 2026, we may, at our option, subject to certain procedural requirements, redeem any or all of the shares of the Series D Preferred Stock for cash at a redemption price of $25.00 per share of the Series D Preferred Stock, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date, without interest.  This security was issued by New Residential Investment Corp, whose common stock symbol is NRZ.

$21.56  +0.06 (0.28%)
As of 06/30/2022 16:00:02 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:  09/15/2021
Outstanding shares:  17,000,000
Average volume:  80,248
Market cap:   $365,500,000
Current dividend yield:  8.14%    calculation
Initial coupon rate:    7.000%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   11/15/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      

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