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Granite Point Mortgage Trust, Inc. 7.0% Ser A Fix/Float Cumul Prrd Stock
Ticker Symbol: GPMT-A     CUSIP: 38741L305     Exchange: NYSE
Security Type:   Traditional Preferred Stock

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Granite Point Mortgage Trust, Inc. 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25.per share, redeemable at the issuer's option on or after 11/30/2026 at $25 per share plus accrued and unpaid dividends, and with no stated maturity.

Cumulative distributions of 7.00% per annum ($1.75 per annum or $0.4375 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 90 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From 01/15/2027 dividends will be paid at a floating rate of the Three-Month SOFR plus 5.83% per annum, provided, however, that in no event shall the Floating Rate be lower than 7.00% per annum.

Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders.

This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Cpn Rate
Ann Amt
Call Date
Matur Date
Distribution Dates 15%
Tax Rate
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date

Go to Parent Company's Record (GPMT)

IPO - 11/23/2021 - 4.00 Million Shares @ $25/share.    Link to IPO Prospectus
Previous Ticker Symbol: GPMTP    Changed: 12/02/2021
Market Value $ Million

Company's Online Information Links
HOME PAGE:     https://www.gpmtreit.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address investors@gpmtreit.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   3 Bryant Park, Suite 2400A, New York, NY 10036
Main Phone Number 212-364-5500
Fax Number Not Available
Investor Contact (CFO)   Marcin Urbaszek 212-364-3718
CEO - John (Jack) A. Taylor CFO - Marcin Urbaszek

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