STAR-I iStar Inc. Series I Cumulative Redeemable Preferred Stock
We will pay to investors cumulative dividends on the Series I Preferred Stock from March 1, 2004 in the amount of $1.875 per share each year, which is equivalent to 7.50% of the $25.00 liquidation preference per share. Dividends on the Series I Preferred Stock will be payable quarterly in arrears, beginning on June 15, 2004. Except in limited circumstances to preserve our status as a real estate investment trust, we may not redeem the Series I Preferred Stock until March 1, 2009. On or after March 1, 2009, we may, at our option, redeem the Series I Preferred Stock, in whole or in part, at any time and from time to time, for cash at $25.00 per share, plus accrued and unpaid dividends, if any, to and including the redemption date. Any partial redemption will generally be on a pro rata basis. This security was issued by iStar Inc. , whose common stock symbol is STAR.
$24.98 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—Diversified
Index country: USA
Country of incorporation: USA
IPO date: 02/18/2014
Outstanding shares: 5,000,000
Average volume: 1,786
Market cap: $123,000,000
Current dividend yield: 7.62% calculation
Coupon rate: 7.500%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 03/01/2009
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: 2440518