IMPPP Imperial Petroleum Inc. - 8.75% Series A Cumulative Redeemable Perpetual Preferred

Cumulative dividends paid on March 30, June 30, September 30 and December 30. We may redeem, at our option, in whole or from time to time in part, the Series A Preferred Shares (i) on or after June 30, 2022 and prior to June 30, 2023, at a price equal to $26.00 per Series A Preferred Share, (ii) on or after June 30, 2023 and prior to June 30, 2024, at a price equal to $25.75 per Series A Preferred Share, (iii) on or after June 30, 2024 and prior to June 30, 2025, at a price equal to $25.50 per Series A Preferred Share, (iv) on or after June 30, 2025 and prior to June 30, 2026, at a price equal to $25.25 per Series A Preferred Share, and (v) on or after June 30, 2026, at a price equal to $25.00 per Series A Preferred Share, in each case plus an amount equal to all accumulated and unpaid dividends thereon to (but not including) the date of redemption, whether or not declared.  This security was issued by Imperial Petroleum Inc., whose common stock symbol is IMPP.

$20.25  -0.65 (-3.11%)
As of 01/25/2023 16:00:00 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Energy
Industry:  Oil & Gas E&P
Index country:  USA
Country of incorporation:  
IPO date:  12/06/2021
Outstanding shares:  795,878
Average volume:  1,594
Market cap:   $15,774,382
Current dividend yield:  11.04%    calculation
Coupon rate:    8.750%
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:      

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