ADAML

Adamas Trust, Inc. offers both preferred stock, ADAML, and senior notes, ADAMI, each with similar call dates for investor consideration. ADAM operates as a diversified mREIT, investing in residential and multi-family mortgage assets, agency and non-agency RMBS, and CMBS.  The portfolio targets both credit-sensitive and distressed market assets. ADAML earns a Buy rating, supported by a potential 9.8% floating coupon and a 17.8% annualized return if called, despite low coverage ratios.