Examples of Floating Rate in a sentence
Rowe Price Institutional Floating Rate Fund IFR Mutual Fund - Series T.
During the period from January 1, 2024 through April 18, 2024, we issued a total of 953,168 shares of our 6.50% Series A3 Preferred Stock, 108,946 shares of our 6.50% Series M3 Preferred Stock, 2,184,319 shares of our Floating Rate Series A4 Preferred Stock, and 324,328 shares of our Floating Rate M4 Preferred Stock, excluding shares issued via the Preferred Stock Dividend Reinvestment Plan, for net proceeds of $81.1 million.
For the avoidance of doubt, the Available Tenor for the Daily BSBY Floating Rate is one month 5.04(d).
Interest on Floating Rate Securities, except as otherwise set forth therein, will be calculated on the basis of actual days elapsed and a year of 360 days, except that in the case of a CMT Rate Security, a Treasury Rate Security, or a floating rate security for which the CMT Rate or the Treasury Rate is an applicable base rate, interest will be calculated on the basis of the actual number of days in the year.
Interest rates on Floating Rate Securities will be determined as set forth therein and in the Prospectus.