New Residential Investment Corp 7.125% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

By: ,

Date Issued 8/8/2019

Shares Issued 10,000,000 Overallotment Shares 1,500,000

Security Ticker Symbol  NRZ-B OTC Temp Ticker – NRZEP

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Market Traded On   NYSE

Dividend Payment Paid on the 15th of  February, May, August and November beginning on 11/15/2019

Quarterly Dividend   .445  Annual Dividend   1.781

Beginning 8/15/2024 the coupon will float at the rate of 3 month Libor plus a fixed base of 5.640%

Securities may be redeemed, at the issuers option, as early as 8/15/2024 for a redemption price of $25/share plus accrued dividends.

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Dividend Payment Will NOT BE  a Qualified Distribution–preferred stock of REITs do not pay qualified dividends.

Maturity Date   None

Click here to find the offering Prospectus and/or Final Pricing Document

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