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CDZIP Cadiz, Inc. ADRs of 8.875% Series A Cumulative Perpetual Preferred

Cumulative dividends on the Series A Preferred Stock accrue from, and including, the date of original issuance, in the amount of $2,218.75 per share each year (equivalent to $2.21875 per depositary share each year), which is equivalent to 8.875% of the $25,000.00 liquidation preference per share of the Series A Preferred Stock (equivalent to 8.875% of the $25.00 per depositary share). Dividends on the Series A Preferred Stock will be payable quarterly in arrears, on or about the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). At any time on or after July 2, 2026, we may, at our option, redeem the Series A Preferred Stock, in whole or from time to time in part, by paying $25,000.00 per share (equivalent to $25.00 per depositary share), plus any accumulated and unpaid dividends to, but not including, the date of redemption.   This security was issued by Cadiz Inc, whose common stock symbol is CDZI.

$16.01  +0.46 (2.96%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Utilities
Industry:  UtilitiesóRegulated Water
Index country:  USA
Country of incorporation:  USA
IPO date:  07/08/2021
Outstanding shares:  2,000,000
Average volume:  3,941
Market cap:   $33,380,000
Current dividend yield:  13.29%    calculation
Coupon rate:    8.875%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   07/02/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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