UBP-K Urstadt Biddle Properties Inc. 5.875% Series K Cumulative Redeemable Preferred

Cumulative dividends payable in cash at the rate per annum of $1.4688 per share of the Series K Preferred Stock, which is equivalent to a rate of 5.875% per annum of the $25.00 per share liquidation preference. These dividends are cumulative from, and including, the date of original issue and will be payable in arrears for each quarterly period ending January 31, April 30, July 31 and October 31 on January 31, April 30, July 31 and October 31 of each year, respectively, or, if any such date is not a business day, no later than the next succeeding business day. The first dividend on the Series K Preferred Stock is payable on January 31, 2020, with respect to the period from, and including, the date of original issue of the Series K Preferred Stock to, but excluding, January 31, 2020, in the amount of $0.4896 per share. On and after October 1, 2024, we may, at our option, redeem any or all of the Series K Preferred Stock for cash at a redemption price of $25.00 per share, plus accrued and unpaid dividends, if any, to but not including the redemption date.  This security was issued by Urstadt Biddle Properties Inc, whose common stock symbol is UBP.

$19.80  0.00 (0.00%)
As of 03/24/2023 00:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Real Estate
Industry:  REIT—Retail
Index country:  USA
Country of incorporation:  USA
IPO date:  10/03/2019
Outstanding shares:  4,000,000
Average volume:  4,958
Market cap:   $90,400,000
Current dividend yield:  6.50%    calculation
Coupon rate:    5.875%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   10/01/2024
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:      BKTSH69