PLYM-A Plymouth Industrial REIT 7.50% Series A Cumulative Preferred
Cumulative cash dividends on the Series A Preferred Stock from, and including, the date of original issue to, but excluding, December 31, 2024, at a rate of 7.50% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual amount of $1.875 per share) (the “Initial Rate”). Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the last day of March, June, September and December of each year, commencing on December 31, 2017. On and after December 31, 2024, if any shares of Series A Preferred Stock are outstanding, we will pay cumulative cash dividends on each then-outstanding share of Series A Preferred Stock at an annual dividend rate equal to the Initial Rate plus an additional 1.5% of the liquidation preference per annum, which will increase by an additional 1.5% of the liquidation preference per annum on each subsequent December 31 thereafter, subject to a maximum annual dividend rate of 11.5% while the Series A Preferred Stock remains outstanding. On or after December 31, 2022, we may, at our option, redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus an amount equal to all accrued but unpaid dividends on such Series A Preferred Stock to, and including, the redemption date. This security was issued by Plymouth Industrial REIT, Inc. , whose common stock symbol is PLYM.
$24.84 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: Non-convertible
GICS sector: Real Estate
Industry: REIT—Industrial
Index country: USA
Country of incorporation: USA
IPO date: 10/20/2017
Outstanding shares: 1,800,000
Average volume: 3,183
Market cap: $46,008,000
Current dividend yield: 7.34% calculation
Coupon rate: 7.500%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 12/31/2022
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: