Company: ADAMM
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001104659-25-059349
Chunk: 26

Company: ADAMAS TRUST, INC.
Filing Date: 2025-06-13
Form: 424B5
Chunk 26
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 Nasdaq, it is likely that our Outstanding Series of Preferred Stock will be delisted from Nasdaq as well. Accordingly, if our common stock is delisted from Nasdaq, your ability to transfer or sell your shares of our Outstanding Series of Preferred Stock may be limited and the market value of our Outstanding Series of Preferred Stock will likely be materially adversely affected.

SOFR has a limited history, and you should not rely on indicative or historical data concerning SOFR.

In light of the cessation of the publication of three-month London Inter-Bank Offered Rate (“LIBOR”) after June 30, 2023, and pursuant to the Articles Supplementary for the Series E Preferred Stock and the applicability of the Adjustable Interest Rate (LIBOR) Act of 2021 (the “LIBOR Act”) to the Series E Preferred Stock, the calculation agent for the Series E Preferred Stock determined that Three-Month CME Term SOFR (as defined in “Description of the Offered Stock — Our Series E Preferred Stock — Dividends”) plus the applicable tenor spread adjustment of 0.26161% per annum has replaced three-month LIBOR as the successor base rate for calculations of the dividend rate payable on the Series E Preferred Stock during the Series E Preferred Stock’s Floating Rate Period (as defined in “Description of the Offered Stock — Our Series E Preferred Stock — Dividends”). Additionally, pursuant to the Articles Supplementary for the Series D Preferred Stock and the applicability of the LIBOR Act to the Series D Preferred Stock, given all of the information available to the Company as of the date of this prospectus supplement, the Company believes that Three-Month CME Term SOFR plus the applicable tenor spread adjustment of 0.26161% per annum will automatically replace three-month LIBOR as the reference rate for calculations of the dividend rate payable on the Series D Preferred Stock for dividend periods during the Series D Preferred Stock’s Floating Rate Period (as defined in “Description of the Offered Stock — Our Series D Preferred Stock — Dividends”). The dividend rate during the Series F Preferred Stock’s Floating Rate Period (as defined in “Description of the Offered Stock — Our Series F Preferred Stock — Dividends”) will be determined using Three-Month Term SOFR (unless a Benchmark Transition Event (as defined in “Description of the Offered Stock — Our Series F Preferred Stock — Effect of Benchmark Transition Event; Determinations and Decisions”) and its related Benchmark Replacement Date (as defined in “Description of the Offer