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Arbor Realty Trust Inc | 6.25% Series F Cumulative Redeemable Preferred Stock (ABR.PRF)
Prospectus excerpt: We are offering to the public 7,000,000 shares of our 6.25% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the Series F Preferred Stock. This is the initial issuance of the Series F Preferred Stock. Holders of the Series F Preferred Stock will be entitled to receive cumulative cash dividends (i) from and including the original issue date to, but excluding, October 30, 2026 at a fixed rate equal to 6.25% per annum of the $25.00 per share liquidation preference (equivalent to $1.5625 per annum per share) and (ii) from and including October 30, 2026 at a floating rate equal to a benchmark rate (which is expected to be Three-Month Term SOFR (as defined below)) plus a spread of 5.442% per annum of the $25.00 per share liquidation preference, or the Floating Rate; provided, however, that in no event shall the Floating Rate be lower than the Dividend Floor (as defined herein). Dividends will be payable quarterly in arrears, on or about the 30th day of January, April, July and October of each year, when and as declared, beginning on January 30, 2022 (long first dividend period). Dividends will accumulate and be cumulative from and including the date of original issuance of the Series F Preferred Stock. Dividends will be payable, when, as and if authorized by our board of directors and declared by us, to holders of record as they appear in our stock records for the Series F Preferred Stock at the close of business on the applicable record date, which shall be the fifteenth day of the calendar month, whether or not a business day, in which the applicable dividend payment date falls. The first dividend on the Series F Preferred Stock sold in this offering will be payable on January 30, 2022 and will be in the amount of $0.46875 per share. Full Prospectus PDF », Secondary Prospectus PDF », ABR Page »
Series: | F | Alternate symbology: | ABR-F, ABR-PF, ABRprF | Redeemable?: | Yes | Call Date: | 10/12/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 7,000,000 | Overallotment: | 1,050,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $18.56 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-6.44 (-25.76%) | Annualized Dividend: | 1.5625 | Recent Ex-Date: | 4/12/2024 | Current Yield: | 8.42% | Original Coupon: | 6.25% | Pay Period: | Quarterly | Pay Dates: | 30-Jan, 30-Apr, 30-Jul, 30-Oct | CDx3 Compliance Rating: |
Learn ABR.PRF's Rating
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Arbor Realty Trust is a real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other commercial real estate assets. Co.'s segments are: Structured Loan Origination and Investment Business, in which it invests in a portfolio of structured finance assets in the multifamily, single-family rental and commercial real estate markets, primarily consisting of bridge and mezzanine loans, including junior participating interests in first mortgages and preferred and direct equity; and Agency Loan Origination and Servicing Business, in which it originates, sells and services a range of multifamily finance products. Preferreds: ABR.PRA, ABR.PRB, ABR.PRC, ABR.PRD, ABR.PRE, ABR.PRF Open the ABR Information Page »
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Name: |
Arbor Realty Trust Inc |
Website: |
www.arbor.com |
Sector: |
REITs |
Number of ETFs Holding ABR: |
47 (see which ones) |
Total Market Value Held by ETFs: |
$532,465,647.4 |
Total Market Capitalization: |
$2,428,000,000 |
% of Market Cap. Held by ETFs: |
21.93% |
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