PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sat, December 4, 1:46 AM

Slide #201. Farmland Partners Inc. Preferred Stock Offering

Company: Farmland Partners Inc. (NYSE:FPI)
Date announced: 8/10/2017
Shares Offered: 5,250,000
Date of Pricing: 8/10/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it has priced its underwritten public offering of 5,250,000 shares of its newly designated 6.00% Series B participating preferred stock (the "Series B Participating Preferred Stock") at a public offering price of $25.00 per share, for gross proceeds of approximately $131.3 million, before deducting underwriting discounts and estimated offering expenses payable by the Company. Shares of Series B Participating Preferred Stock have an initial liquidation preference of $25.00 per share. Investors in the Series B Participating Preferred Stock may potentially benefit from farmland value appreciation in the 17 states in which the Company owns farmland as of June 30, 2017, as determined by the "Farm Real Estate, Average Value per Acre" contained in the annual agricultural land value summary released by the National Agricultural Statistics Service, the Agricultural Statistics Board and the United States Department of Agriculture. The offering is expected to close on August 17, 2017, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 787,500 shares of Series B Participating Preferred Stock at the public offering price less underwriting discounts and commissions. The Company intends to apply to list the shares of Series B Participating Preferred Stock on the New York Stock Exchange under the symbol "FPI PR B." If the application is approved, the Company expects trading to commence 30 days after initial delivery of the shares of Series B Participating Preferred Stock.

Farmland Partners is an internally managed real estate company that owns and seeks to acquire farmland located in agricultural markets throughout North America. Co. owns farms in Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, and Virginia. In addition, the main portion of Co.'s portfolio (by value) was used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, with the balance used to produce specialty crops, such as blueberries, vegetables, citrus, nuts and edible beans. In addition, Co. is engaged in farmland asset management on behalf of third parties.

Preferred: FPI.PRB


Open the FPI Page at Preferred Stock Channel »

Name: 
Farmland Partners Inc
Website: 
www.farmlandpartners.com
Sector: 
REITs
Number of ETFs Holding FPI: 
21 (see which ones)
Total Market Value Held by ETFs: 
$31,867,429.38
Total Market Capitalization: 
$522,000,000
% of Market Cap. Held by ETFs: 
6.10%
 

Open the FPI Page at Preferred Stock Channel (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree FPI Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Buy (2.60 out of 4)
7th percentile
(ranked lower than approx. 93% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 201 of 573 | www.PreferredStockChannel.com

Copyright © 2010 - 2021, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.