FATBP FAT Brands Inc. - 8.25% Series B Cumulative Preferred Stock
We will pay cumulative dividends on the Series B Preferred Stock from and including the date of original issuance in the amount of $2.0625 per share each year, which is equivalent to 8.25% of the $25.00 liquidation preference per share. Dividends on the Series B Preferred Stock will be payable monthly in arrears, beginning with the month ended July 31, 2020. We may, at our option, redeem the Series B Preferred Stock, in whole or in part, by paying $25.00 per share, plus any accrued and unpaid dividends to the date of redemption and a redemption premium. The redemption premium will initially be set at 10% of the $25.00 liquidation preference per share, and will decrease by 2% per year until it terminates on the five-year anniversary of the initial issuance date (July 16, 2025). This security was issued by Fat Brands Inc. Class A, whose common stock symbol is FAT.
$15.42 +0.27 (1.78%)
As of 03/27/2023 10:00:30 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Consumer Discretionary
Industry: Restaurants
Index country: USA
Country of incorporation: USA
IPO date: 07/14/2020
Outstanding shares: 360,000
Average volume: 55,395
Market cap: $5,634,000
Current dividend yield: 13.18% calculation
Coupon rate: 8.250%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 07/16/2020
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: