What is happening to Reml?
REML is being called on December 27, 2021. It was the only 2x leveraged mREIT ETN. There are other leveraged ETNs that contain significant amounts of mREITs, such as MVRL and SMHB and have current yields above 15%.Dec 25, 2021
Is Reml a safe investment?
REML should suffer significant losses during other downturns, and there is a distinct risk that shareholders lose their entire investment. REML is risky enough that, in my opinion, it is wholly inappropriate for most investors and retirees.May 5, 2021
Is Reml a ETN?
ETN Overview The ETNs are listed on NYSE Arca under the ticker symbol "REML". The ETNs should be purchased only by knowledgeable investors who understand the risks of investing in the ETNs.
What kind of stock is Reml?
Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN (REML)Previous Close5.98Bid0.00 x 900Ask0.00 x 800Day's Range5.95 - 6.0052 Week Range4.90 - 8.133 more rows
Does Reml pay dividends?
REML has been paying a monthly dividend that has been on a gradual uptrend for the past year. Other securities with current yields of 16%, have either severe credit risk, are extremely difficult to understand, widely varying distributions, or all three.Oct 22, 2021
What is Reml dividend?
You'll see the average dividend yields and stock price over time. Dividend Yield (TTM): 14.52% Annual Payout (TTM): $0.99.
What happens when an ETF fund closes?
ETFs that close down have to follow a strict and orderly liquidation procedure. The liquidation of an ETF is similar to that of an investment company, except that the fund also notifies the exchange on which it trades, that trading will cease.
What stocks pay dividends monthly?
8 monthly dividend stocks with high yields:Pembina Pipeline Corp. (PBA)AGNC Investment Corp. (AGNC)Prospect Capital Corp. (PSEC)Main Street Capital Corp. (MAIN)LTC Properties Inc. (LTC)Broadmark Realty Capital Inc. (BRMK)Ellington Financial Inc. (EFC)EPR Properties (EPR)Mar 25, 2022
What is ETN trading?
An exchange-traded note (ETN) is an unsecured debt security that tracks an underlying index of securities. ETNs are similar to bonds but do not pay periodic interest payments. Investors can buy and sell ETNs on major exchanges, such as stocks, and profit from the difference, subtracting any fees.
What does REML stand for?
In statistics, the restricted (or residual, or reduced) maximum likelihood (REML) approach is a particular form of maximum likelihood estimation that does not base estimates on a maximum likelihood fit of all the information, but instead uses a likelihood function calculated from a transformed set of data, so that ...
How has None's stock been impacted by COVID-19?
None's stock was trading at $16.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then...
What other stocks do shareholders of None own?
Based on aggregate information from My MarketBeat watchlists, some companies that other None investors own include Oxford Lane Capital (OXLC) , E...
What is None's stock symbol?
None trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "REML."
How do I buy shares of None?
Shares of REML can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBul...
What is None's stock price today?
One share of REML stock can currently be purchased for approximately $5.99.
How much money does None make?
None has a market capitalization of $143.81 million.
How has None's stock been impacted by COVID-19 (Coronavirus)?
What other stocks do shareholders of None own?
None's stock was trading at $16.80 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, REML shares have decreased by 64.3% and is now trading at $5.99. View which stocks have been most impacted by COVID-19.
What is None's stock symbol?
Based on aggregate information from My MarketBeat watchlists, some companies that other None investors own include Oxford Lane Capital (OXLC), Energy Transfer (ET), Washington Prime Group (WPG), New Residential Investment (NRZ), ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN Series B (SMHB), Two Harbors Investment (TWO), (CGC), AGNC Investment (AGNC), New York Mortgage Trust (NYMT) and Amarin (AMRN)..
How do I buy shares of None?
None trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "REML."
What is None's stock price today?
Shares of REML can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
Component Grades
One share of REML stock can currently be purchased for approximately $5.99.
Credit Suisse AG Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT Exchange Traded Notes (ETNs) due July 11, 2036 (REML) ETF Bio
We have 5 different ratings for every ETF to help you appreciate its future potential. You can unlock it all now.
Why are mreits declining?
The investment objective of the Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT Exchange Traded Notes seeks to track the FTSE NAREIT All Mortgage Capped Index, which covers U.S. REITs, and it offers twice the monthly performance of the underlying index.
When do REML dividends pay?
Initially, the declines in the mREITs were based on fears that some of the non-agency mortgages and mortgages-backed securities held by some mREITs could suffer from credit risk. There is a risk of default by the commercial and other non-agency mortgages and mortgage-backed securities held by the mREITs.
Can the market stay irrational longer than you can stay solvent?
Most of the REML components pay dividends quarterly, typically with ex-dates in the last month of the quarter and payment dates in the first month of the next quarter. The January, April, October, and July "big month" dividends are much larger than the "small month" dividends paid in the other months.
Do mreits have a steep discount?
This situation cannot persist indefinitely. However, it's always good to remember, as Keynes famously said: "The market can stay irrational longer than you can stay solvent.". For various reasons, agency mREITs at deep discounts to their book value are compelling.
Can UBS sell ETRACS notes?
There are some who have asserted that the mREITs are now trading at very steep discounts to book value. Maybe. They are definitely trading at very steep discounts to the book values that were published previously, mostly at year-end 2019. The only thing that I can be relatively sure of is that the mREITs will not be indefinitely trading at very steep discounts to book value. Either the book values will be much lower than what has currently been published, or the market prices of the mREITs will be much higher than they are now. In the coming days, we should get much more information about the book values of the mREITs.
What is annualized yield on ETN?
Unfortunately, UBS had no choice with regard to accelerating their ETRACS, once their price thresholds were breached. In theory, it is possible that UBS could offer to sell new ETRACS notes, with the same terms as those redeemed at the acceleration prices, to those whose notes were accelerated.
What is indicative value?
The Annualized Yield on Ex Date shown on the applicable ETN's Ex Date is the sum of the three most recent months' coupons up to and including each Ex Date, multiplied by four (to annualize such coupons), divided by the Closing Indicative Value of the ETN on such Ex Date, and rounded to two decimal places for ease of analysis. The Annualized Yield on Ex Date is not indicative of future coupons, if any, on the ETN. The Annualized Yield on Ex Date only takes into consideration the three most recent months' coupons for each Ex Date, and is not indicative of what the actual annual yield may be.
What is index constituent?
The indicative value is a calculated value and is not the same as the trading price of the ETNs and is not a price at which investors can buy or sell the ETNs in the secondary market. The actual trading price of the ETNs in the secondary market may vary significantly from their indicative value.
Is current yield indicative of future coupons?
mortgage REITs with more than 50% of total assets invested in mortgage loans or mortgage-backed securities secured by interests in real property (the "Index Constituents"), as selected and ranked by FTSE International Limited, in accordance with the Index methodology. Each Index Constituent must, among other requirements as described therein, be a tax-qualified mortgage REIT that is listed on the New York Stock Exchange, the NYSE Arca or the NASDAQ.
Does the current yield on ETNs change?
The Current Yield (Annualized) is not indicative of future coupons, if any, on the ETNs. In particular, the Current Yield (Annualized) may differ significantly from future coupons if the Closing Indicative Value fluctuates widely in a volatile market. You are not guaranteed any coupon or distribution under the ETNs.