Whether mandatorily redeemable
preferred stock qualifies as a liability turns mainly on the issuer's ability to avoid the future payment of cash to redeem the stock.
In accordance with the terms of Annaly's 7.625% Series E Cumulative Redeemable
Preferred Stock ("Series E Preferred Stock"), the board of directors of Annaly has declared a Series E Preferred Stock cash dividend for the second quarter of 2017 of USD 0.476563 per share of Series E Preferred Stock.
The Series D Preferred Stock is a new series of preferred stock that will rank on parity with the Company's outstanding 7.75 percent Series A Cumulative Redeemable
Preferred Stock, 7.5 percent Series B Cumulative Redeemable
Preferred and 7.125 percent Series C Cumulative Term Preferred Stock.
RAIT Financial also declared a USD 0.5234375 per share on RAIT's 8.375% series B Cumulative Redeemable
Preferred Shares and USD 0.5546875 per share on RAIT's 8.875% Series C Cumulative Redeemable
In addition, a 6.625% series C cumulative redeemable
perpetual preferred stock dividend of USD0.414 063 per share; 5.875% series G cumulative redeemable
preferred stock dividend of USD0.367188 per share; 7.375% series H cumulative redeemable
preferred stock dividend of USD0.460938 per share; 6.350% series I cumulative redeemable
preferred stock dividend of USD0.396875 per share; and 5.250% series J cumulative redeemable
preferred stock dividend of USD0.328125 per share, will be paid on the same dates as the common stock.
6 August 2012 -- Morgan Stanley (NYSE:MS) and Wells Fargo Securities were appointed book-runners for a public offering of 6.5% series J cumulative redeemable
preferred shares by Taubman Centers Inc (NYSE:TCO), whose pricing the US real estate investment trust (REIT) announced on Friday.
Each depositary share represents a 1/20 fractional interest in a share of the company's newly designated 6.50% class J cumulative redeemable
The class J stock dividend of USD0.406250 per depositary share (each depositary share is equal to one-twentieth of a share of DDR's 6.50% class J cumulative redeemable
preferred stock), class K stock dividend of USD0.39063 per depositary share (each depositary share is equal to one-twentieth of a share of DDR's 6.25% class K cumulative redeemable
preferred stock) and class A stock dividend of USD0.39844 per depositary share (each class A depositary share is equal to one-twentieth of a share of DDR's 6.375% class A cumulative redeemable
preferred stock) is for the period from 15 January 2018 to 14 April 2018.
The company will sell 6m cumulative redeemable
second preferred shares series AA, priced at CAD25.00 (USD24.35/EUR19.60) each for gross proceeds of CAD150m.