TGH-A Textainer Group Holdings Limited ADRs of 7.000% Series A Cumulative Preference Shares
Dividends on the Series A Preference Shares, when, as and if declared by our board of directors (the “Board”) or any duly authorized committee of the Board, will be payable on the liquidation preference amount, on a cumulative basis, quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, commencing on June 15, 2021. Dividends will be payable out of amounts legally available for the payment of dividends in accordance with the Bermuda Companies Act of 1981, as amended (i) from the date of original issue to, but excluding June 15, 2026 (the “first reset date”) at a fixed rate per annum of 7.000% , and (ii) from, and including, the first reset date, during each reset period at a rate per annum equal to the five-year treasury rate as of the most recent reset dividend determination date plus 6.134%. We may, at our option, redeem the Series A Preference Shares, in whole or in part, from time to time on any dividend payment date on or after the first reset date at a redemption price in cash equal to $25.00 per Depositary Share plus all accumulated and unpaid dividends (whether or not declared) to, but excluding, such redemption date. This security was issued by Textainer Group Holdings Ltd, whose common stock symbol is TGH.
$23.67 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: Industrials
Industry: Rental & Leasing Services
Index country: Bermuda
Country of incorporation: Bermuda
IPO date: 04/07/2021
Outstanding shares: 6,900,000
Average volume: 4,365
Market cap: $166,773,000
Current dividend yield: 7.24% calculation
Initial coupon rate: 7.000%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 06/15/2026
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Annual filings: 20-F
Sedol: BNNTBX4