CAI-A CAI 8.50% Series A Fixed-to-Floating Rate Cumulative Preferred

Dividends on the Series A Preferred Stock accrue daily and will be cumulative from, and including, the date of original issue and shall be payable quarterly on the 15th day of each April, July, October and January. The first dividend on the Series A Preferred Stock is scheduled to be paid on July 15, 2018 in the amount of $0.62569 per share to the persons who are the holders of record of the Series A Preferred Stock at the close of business on July 1, 2018. The Fixed Dividend Rate (as defined herein) shall accrue from, and including, the date of original issuance to, but not including, April 15, 2023. On and after April 15, 2023, dividends on the Series A Preferred Stock shall accrue at an annual rate equal to the sum of (a) Three-Month LIBOR as calculated on each applicable Date of Determination and (b) 5.82% of the $25.00 liquidation preference per share of Series A Preferred Stock. At any time on or after April 15, 2023, we may redeem the Series A Preferred Stock, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per share of Series A Preferred Stock plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption, whether or not declared.  This security was issued by CAI International, Inc., whose common stock symbol is CAI.

$25.18  -0.01 (-0.04%)
As of 10/20/2021 16:00:02 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Industrials
Industry:  Rental & Leasing Services
Index country:  USA
Country of incorporation:  USA
IPO date:  03/23/2018
Outstanding shares:  1,600,000
Average volume:  7,309
Market cap:   $40,304,000
Current dividend yield:  8.44%    calculation
Initial coupon rate:    8.500%
Spread to LIBOR: 0.058200
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   04/15/2023
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
CUSIP:    
ISIN:        
Sedol:      

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