Five Oaks Investment 8.75% Fixed to Floating Cumulative Redeemable Preferred Stock
By: Tim McPartland,
S&P Rating NR Moodys Rating NR
Security Ticker Symbol OAKS-A
Market Traded ON NYSE
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Dividend Payment Paid on the 27th of each month beginning on 01/27/2014
Monthly Dividend .1823 Annual Dividend 2.1875
Securities may be redeemed, at the issuers option, as early as 12/23/2018 for a redemption price of $25/share plus accrued dividends
After 12/27/2018 dividend rate will change to 3 month libor plus 7.151%
Dividend Payment Will NOT be a Qualified Distribution-issurer is a REIT and thus not eligible for preferential tax rates.
Maturity Date None
Company Investor Relations Page for Five Oaks Investment
Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
