RMR Mortgage redeems all five series of auction rate preferreds

By Taylor Fox

New York, Oct. 2 – RMR Mortgage Trust announced the redemption of all of its issued and outstanding auction rate preferred shares, according to a news release.

The redemption represents 100% of RMR’s auction rate preferred shares outstanding and will be conducted at a liquidation preference of $25,000 per share, for a total liquidation preference of $16.7 million, plus dividends to the redemption date, if applicable.

The preferred shares included in the redemption are as follows:

• $10.95 million of series T due Nov. 2, 2020 (Cusip: 74965J403) with 438 shares to be redeemed;

• $1,175,000 of series W due Nov. 3, 2020 (Cusip: 74965J502) with 47 shares to be redeemed;

• $2,275,000 of series Th due Nov. 4, 2020 (Cusip: 74965J601) with 91 shares to be redeemed;

• $675,000 of series F due Nov. 5, 2020 (Cusip: 74965J205) with 27 shares to be redeemed; and

• $1.6 million of series M due Nov. 6, 2020 (Cusip: 74965J304) with 64 shares to be redeemed.

RMR Mortgage is a closed end investment company based in Newton, Mass.

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