PW-A Power REIT 7.75% Series A Cumulative Perpetual Preferred Stock
We will pay cumulative dividends on our Series A Preferred Stock in the amount of $1.9375 per share each year, which is the equivalent of 7.75% per year of the $25.00 liquidation preference per share. Dividends on our Series A Preferred Stock will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, commencing June 15, 2014, to holders of record on the applicable record date. The Series A Preferred Stock has no maturity and will remain outstanding indefinitely unless redeemed or otherwise repurchased. Except in limited circumstances relating to our qualification as a real estate investment trust, or REIT, and as described below, we may not redeem the Series A Preferred Stock prior to February 28, 2019. On and after February 28, 2019, at any time and from time to time, we may redeem the Series A Preferred Stock, in whole or in part, at our option, at a cash redemption price of $25.00 per share plus all accrued and unpaid dividends (whether or not declared) to, but not including, the date of redemption. This security was issued by Power REIT, whose common stock symbol is PW.
$7.53 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—Specialty
Index country: USA
Country of incorporation: USA
IPO date: 03/19/2014
Outstanding shares: 175,000
Average volume: 1,123
Market cap: $4,418,750
Current dividend yield: 7.67% calculation
Coupon rate: 7.750%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 02/28/2019
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: