Adamas Trust, Inc. (ADAM) filed a shelf registration statement that, after effectiveness, permits it to offer common stock, preferred stock, debt securities and warrants from time to time, through underwriters, dealers or agents, or directly to purchasers. A prospectus supplement will describe the terms and sale method for each offering.
Unless a supplement provides otherwise, net proceeds will be added to general corporate funds and may be used for investments under the strategy then in place, debt repayment, redemption or repurchase of outstanding securities, or other general corporate purposes. The charter generally limits a person's beneficial or constructive ownership of common stock to 9.9% by value or share count, whichever is more restrictive, and ownership of any class or series to 9.9% by value.
Adamas Trust, Inc. (ADAM) announced that its Board of Directors declared cash dividends for the third quarter 2026 dividend period on its four listed preferred stock series. The dividends cover the period from July 15, 2026 through October 14, 2026 for the Series D, E, F and G preferred shares.
For this period, the Board declared per-share cash dividends of $0.50 on the 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.6672255 on the 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.4296875 on the 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, and $0.4375 on the 7.000% Series G Cumulative Redeemable Preferred Stock. The record date for all four series is October 1, 2026, and the cash dividends are scheduled to be paid on October 15, 2026.
ADAMAS TRUST, INC. (ADAM) received an amended Schedule 13D from investor Howard Amster and a group of affiliated entities updating their ownership in the company’s common stock.
The reporting persons collectively report beneficial ownership of 4,381,764 shares of common stock, representing 4.9% of the class, based on 89,879,786 shares outstanding as of July 24, 2026. Amster’s beneficial ownership is held directly and through multiple entities, including Pleasant Lake Apartments entities, various Howard Amster charitable remainder and other trusts, Amster Limited Partnership, Ramat Securities Ltd., the Howard Amster Foundation, NewAx Inc., Pleasant Lake Skoien Investments LLC, and Horizon Group Properties Inc.
The amendment also details recent open‑market sales of ADAM common stock by Howard Amster between June 25, 2026 and August 20, 2026. These transactions were all sales executed on the open market at prices generally ranging from about $9.04 to $10.24 per share.