Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 440

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 440
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%Series F7,750,000 5,804,794 139,792 145,120 6.875 %October 15, 2026October 15, 20263M SOFR + 6.130%6.875 %Fixed RateSeries G5,450,000 2,976,857 71,642 74,421 7.000 %January 15, 20277.000 %Total31,500,000 22,385,674 $540,472 $559,642 

70

December 31, 2024Class of Preferred StockShares AuthorizedShares Issued and OutstandingCarrying ValueLiquidation PreferenceContractual Rate (1)Optional Redemption Date (2)Fixed-to-Floating Rate Conversion Date (1)(3)Floating Annual Rate (4) (5)Rate as of Period EndFixed-to-Floating RateSeries D8,400,000 6,107,318 $147,745 $152,683 8.000 %October 15, 2027October 15, 20273M LIBOR + 5.695%8.000 %Series E9,900,000 7,343,151 177,697 183,579 7.875 %January 15, 2025January 15, 20253M  SOFR + tenor spread adjustment of  0.26161% + 6.429%7.875 %Series F7,750,000 5,740,209 138,418 143,505 6.875 %October 15, 2026October 15, 20263M SOFR + 6.130%6.875 %Fixed RateSeries G5,450,000 2,973,736 71,585 74,343 7.000 %January 15, 20277.000 %Total31,500,000 22,164,414 $535,445 $554,110 (1)The Company's fixed rate preferred stock is entitled to receive a dividend at the contractual rate shown, per year on its $25 liquidation preference. Each series of fixed-to-floating rate preferred stock is entitled to receive a dividend at the contractual rate shown, respectively, per year on its $25 liquidation preference up to, but excluding, the fixed-to-floating rate conversion date.(2