Preferred Stock Channel
8.00% Series A Term Preferred Stock Due 2029 (PDPA)

Prospectus excerpt:  The following sets forth the final terms of the 8.00% Series A Term Preferred Stock Due 2029 (the “Shares”) and should only be read together with the preliminary prospectus, dated December 10, 2024, relating to these securities (together, the “Preliminary Prospectus”) and supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus. Terms used herein but not defined herein shall have the respective meanings as set forth in the Preliminary Prospectus. All references to dollar amounts are references to U.S. dollars.

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Series:A
Redeemable?:Yes
Call Date:12/31/2026
Maturity Date:12/31/2029
Cumulative?:Yes
Shares Offered:1,200,000
Overallotment:180,000
Liquidation Preference:$25.00
Recent Market Price:$25.12
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.12 (0.48%)
Annualized Dividend:2.0004
Recent Ex-Date:7/17/2025
Current Yield:7.96%
Original Coupon:8.00%
Pay Period:Monthly
"Compliance Score" Rating: Learn PDPA's Rating

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