CLDT-A Chatham Lodging Trust (REIT) 6.625% Series A Cumulative Preferred
Distributions on the Series A Preferred Shares will be payable quarterly in arrears on 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). The distribution rate is 6.625% per annum of the $25.00 liquidation preference, which is equivalent to $1.65625 per annum per Series A Preferred Share. The first distribution on the Series A Preferred Shares sold in this offering will be paid on October 15, 2021 (long first dividend period) and will be in the amount of $0.48307 per share. We may not redeem the Series A Preferred Shares before June 30, 2026 except in limited circumstances to preserve our status as a real estate investment trust (“REIT”) for federal income tax purposes and except as described below upon the occurrence of a Change of Control (as defined in “Description of the Series A Preferred Shares — Special Optional Redemption”). On and after June 30, 2026, we may, at our option, redeem the Series A Preferred Shares, in whole or from time to time in part, by paying $25.00 per share, plus any accrued and unpaid distributions to, but not including, the date of redemption. This security was issued by Chatham Lodging Trust, whose common stock symbol is CLDT.
$23.00 +0.28 (1.23%)
As of 01/26/2023 11:37:21 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Real Estate
Industry: REIT—Hotel & Motel
Index country: USA
Country of incorporation: USA
IPO date: 06/24/2021
Outstanding shares: 4,800,000
Average volume: 5,848
Market cap: $97,824,000
Current dividend yield: 8.13% calculation
Coupon rate: 6.625%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 06/30/2026
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: