- We often focus on the mortgage REIT common shares in this series, but this time we’re going to emphasize the preferred shares.
- We provided readers recently with a fairly large article demonstrating the dramatic difference in the valuation of the AGNC preferred shares.
- Despite an explanation I would consider excellent, it was very confusing to people who skipped the text. To correct this mistake, we’re bringing images.
- In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
- When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.
For further details see:
Lessons On Floating-Rate Preferred Shares