June 21, 2019. Annally Capital (NYSE:NLY) has priced a new issue of fixed-to-floating rate preferred. We love new issues, especially when we can buy below par. The price right now is $24.75
Pays 6.75% and will change to floating rate in 2024 and will float with a rate of 4.989% plus 3 month Libor.
The issue IS TRADING under OTC ticker ACAXP today. BUY RIGHT NOW. This ticker will change to the permanent ticker eventually.