EJF Capital is marketing $333.75 million of notes backed by trust preferred securities issued by banks and insurance companies.

The deal, TruPS Financials Note Securitization 2016-1, will issue two tranches of notes: the $220.5 million senior tranche is provisionally rated Aa3 by Moody’s Investors Service and the $17 million subordinate tranche is rated Baa3. There is also a $96.25 million unrated tranche of preferred shares.

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