A good starting point for the analysis is a quick refresh on the nature of the FTAI Series C Preferred Shares. The shares were issued in 2021 with a redemption price equal to the par value of $25, ...
Rithm Capital Corp. has three fixed-to-floating preferreds (A, B, C) trading post-call, with Series C at a slight discount to par. Series C offers relatively lower call risk and still some capital ...