Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 88

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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 stock during the three and nine months ended September 30, 2025 and 2024. As of September 30, 2025, $97.6 million of the approved amount remained available for the repurchase of shares of Preferred Stock under the preferred stock repurchase program. The following tables summarize the Company’s Preferred Stock issued and outstanding as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):  September 30, 2025Class 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 6,147,274 $148,585 $153,682 8.000 %October 15, 2027October 15, 20273M LIBOR + 5.695%8.000 %Series E9,900,000 7,456,749 180,453 186,419 7.875 %January 15, 2025January 15, 20253M  SOFR + tenor spread adjustment of 0.26161% + 6.429%11.008 %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 

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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,