BRG-C Bluerock Residential 7.625% Series C Cumulative Preferred Stock
We will pay cumulative cash dividends on the Series C Preferred Stock, from the date of original issue to, but not including, July 19, 2023, at a rate of 7.625% per annum of the $25.00 liquidation preference per share. Dividends on the Series C Preferred Stock will be payable quarterly in arrears on each January 5th, April 5th, July 5th and October 5th of each year, commencing on October 5, 2016, when, as and if authorized by our board of directors and declared by us. On or after July 19, 2021, we may, at our option, redeem the Series C Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued but unpaid dividends on such Series C Preferred Stock to and including the redemption date. Commencing on July 19, 2023, we will pay cumulative cash dividends on the Series C Preferred Stock at an annual dividend rate of the Initial Rate increased by 2.0% of the liquidation preference per annum, which will increase by an additional 2.0% of the liquidation preference per annum on each subsequent anniversary thereafter, subject to a maximum annual dividend rate of 14.0%. Commencing on July 19, 2023, the holders of the Series C Preferred Stock may, at their option, elect to cause us to redeem their shares at a redemption price of $25.00 per share, plus an amount equal to all accrued but unpaid dividends, if any, to and including the redemption date, payable in cash or shares of our Class A common stock, or any combination thereof, at our option. This security was issued by Bluerock Residential Growth REIT, Inc Class A, whose common stock symbol is BRG.
$25.00 0.00 (0.00%)
As of 10/05/2022 00:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Real Estate
Industry: REIT—Residential
Index country: USA
Country of incorporation: USA
IPO date: 07/13/2016
Outstanding shares: 2,323,750
Average volume: 4,106
Market cap: $58,093,750
Current dividend yield: 7.63% calculation
Coupon rate: 7.625%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 07/19/2021
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: