Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Wed, September 28, 6:07 AM
|This Slide: #297 of 585|
Slide #297. Bluerock Residential Growth REIT, Inc. — Preferred Stock Offering
Bluerock Residential Growth REIT, Inc. (AMEX:BRG)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its offering of 400,000 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the "Series A Preferred Stock") for total net proceeds of approximately $9.5 million after deducting placement agent fees and estimated offering expenses payable by the Company. The offering is expected to close on or about May 26, 2016, subject to the satisfaction of customary closing conditions. Compass Point Research & Trading, LLC served as placement agent for the offering.
Bluerock Residential Growth REIT is a real estate investment trust. Co. owns interests in several real estate investments, consisting of consolidated operating investments and investments held through preferred equity, loan or ground lease investments.
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Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com