LXP-C Lexington Realty Trust 6.5% Cumulative Preferred Convertible Series C
We will pay cumulative dividends on the Series C Preferred Shares from and including the date of original issuance in the amount of $3.25 per share each year, which is equivalent to 6.50% of the $50.00 liquidation preference per share. Dividends on the Series C Preferred Shares will be payable quarterly in arrears, beginning on February 15, 2005. Holders may convert the Series C Preferred Shares into our common shares subject to certain conditions. The conversion rate will initially be 1.8643 common shares per Series C Preferred Share, which is equivalent to an initial conversion price of $26.82 per common share. The conversion rate will be subject to adjustment upon the occurrence of specified events. On or after November 16, 2009, we may, at our option, cause the Series C Preferred Shares to be automatically converted into that number of common shares that are issuable at the then prevailing conversion rate. We may exercise our conversion right only if, for twenty (20) trading days within any period of thirty (30) consecutive trading days (including the last trading day of such period), the closing price of our common shares equals or exceeds 125% of the then prevailing conversion price of the Series C Preferred Shares. This security was issued by Lexington Realty Trust, whose common stock symbol is LXP.
$46.48 0.00 (0.00%)
As of 03/24/2023 00:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Convertible
GICS sector: Real Estate
Industry: REIT—Diversified
Index country: USA
Country of incorporation: USA
IPO date: 02/11/2013
Outstanding shares: 2,700,000
Average volume: 5,171
Market cap: $143,910,000
Current dividend yield: 6.10% calculation
Coupon rate: 6.500%
Cumulative: Yes
Liquidation value: $50.00
Callable after: 11/16/2009
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: B04SGV2