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REML (Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
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The Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN (REML) is designed to provide investors with a monthly compounded return that is double the price performance of its benchmark, the FTSE NAREIT All Mortgage Capped Index. This underlying index monitors the collective performance of specific U.S. Mortgage Real Estate Investment Trusts (REITs). To be included, these Mortgage REITs must meet U.S. tax qualification standards, allocate over 50% of their total assets to mortgage loans or real property-backed mortgage securities, and be publicly listed on exchanges such as the New York Stock Exchange, NYSE Arca, or the NASDAQ National Market List.
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%.
Imagine a stock or fund that paid out its dividends once a month! Instead of quarterly, semi-annually or (ugh) annually, your anticipatory angst waiting for money is reduced by 300%, or more! These December U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (102); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >6.99% (80).
REML's closing price of $6.30 is the lowest close since May 12, 2021. While much is unknown now about the Omicron variant, it does not appear that it poses any particular risk to the leveraged ETNs based on mREITs.
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.
There is a good chance that the debt ceiling will not be addressed and a continuing resolution not enacted by October 1, 2021. Some are warning that failure to address the debt ceiling could cause the United States to default on its obligations and that could cause a financial market collapse.