Armour Residential Preferred C: Durable 8.33% Yield With 19% Upside To Better Times
ARRARMOUR Residential REIT(ARR) Seeking Alpha·2024-02-01 06:27
Dilok Klaisataporn/iStock via Getty Images We yesterday produced a report that dissected the different results we might expect from an investment in fixed to floating mREIT preferreds that were contrastingly indexed to short and long-term interest rates. Circumventing fixed to floating, we want to examine the potentials of high coupon fixed-rate preferreds in a changing economic environment. With the risk that interest rates could decline significantly, a high, fixed coupon preferred could meaningfully  ...