Company: ADAMM
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001104659-25-059349
Chunk: 13

Company: ADAMAS TRUST, INC.
Filing Date: 2025-06-13
Form: 424B5
Chunk 13
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 any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the payment date, before any payment is made to the holders of any Junior Stock. See the sections entitled “Description of the Offered Stock — Our Series D Preferred Stock — Liquidation Preference,” “Description of the Offered Stock — Our Series E Preferred Stock — Liquidation Preference,” “Description of the Offered Stock — Our Series F Preferred Stock — Liquidation Preference” and “Description of the Offered Stock — Our Series G Preferred Stock — Liquidation Preference” in this prospectus supplement.

Optional Redemption

The Series D Preferred Stock is not redeemable by us prior to October 15, 2027, except as described below under “— Special Optional Redemption” upon the occurrence of a Change of Control. In addition, on and after October 15, 2027, we may, at our option, redeem the Series D Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date. See the section entitled “Description of the Offered Stock — Our Series D Preferred Stock — Redemption” in this prospectus supplement.

As of January 15, 2025, we may, at our option, redeem the Series E Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any

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accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date. See the section entitled “Description of the Offered Stock — Our Series E Preferred Stock — Redemption” in this prospectus supplement.

The Series F Preferred Stock is not redeemable by us prior to October 15, 2026, except as described below under “— Special Optional Redemption” upon the occurrence of a Change of Control. In addition, on and after October 15, 2026, we may, at our option, redeem the Series F Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding