ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN
MVRL
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1285 Avenue of the Americas New York NY United States of America 10019
- IPO Date
- Jun 8, 2020
- CIK
- 0001114446
- Website
- etracs.ubs.com
- Similar Companies
- Business
- ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) is an exchange-traded note issued by UBS AG that provides 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, less financing costs, tracking fees, and a variable monthly coupon linked to the leveraged cash distributions of the underlying mortgage REIT index constituents; exchange-traded notes represent senior, unsecured, unsubordinated debt securities offering access to total returns of market indices linked to stocks, bonds, commodities, or currencies. Launched with an initial trade date of June 2, 2020, and maturing on June 10, 2050, the ETN trades on the NYSE Arca exchange under the ticker MVRL with CUSIP 90269A344, featuring a 0.95% annual tracking fee accrued daily and an annual financing fee rate based on 3m CME Term SOFR plus adjustments. It targets investors seeking amplified exposure to U.S.-listed and incorporated mortgage REITs that derive at least 50% of their revenues from mortgage-related activities, with operations focused on the U.S. market through its New York-based issuer UBS Investment Bank. In recent developments, UBS Investment Bank announced a coupon payment of $0.1670 per share for MVRL on December 4, 2025, with an ex-date of December 12, 2025, and payment on December 22, 2025, reflecting an indicative yield of 18.58% and continuing the ETN's pattern of monthly variable distributions tied to underlying index cash flows. Ongoing monthly coupon declarations, such as those in August, October, and November 2025, underscore stable operational continuity amid fluctuating mortgage REIT distributions, with no reported partnerships, acquisitions, funding rounds, or structural changes specific to MVRL in the last 1-2 years. The ETN maintains its quarterly leverage reset mechanism without significant strategic shifts, positioning it as the primary remaining leveraged mortgage REIT ETN in the ETRACS lineup.