OXLCZ - New Preferred Stock And Exchange Traded Debt IPOs July 2024

2024-07-31 20:42:39 ET

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.

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 company at par starting July 1, 2026, received a credit rating of BBB from Egan-Jones Ratings Company. The new notes trade on the Nasdaq under symbol NYMTI where they were changing hands slightly above par value as of this writing....

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