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What is the 6% Series B Convertible Preferred Stock?

April 26, 2017convertible preferred stock SERIES

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What is the 6% Series B Convertible Preferred Stock?

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• The 6% Series B Convertible trades under the ticker symbol NLYBP.PK. The original issue price was $25.00 per share. It pays a 6% dividend of $1.50 per share per annum on a quarterly basis on or before: June 30, September 30, December 31 and March 31 of each year, if not a business day, the next succeeding business day.