PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 4:04 PM
| This Slide: #321 of 609 |
Slide #321. Bluerock Residential Growth REIT, Inc. — Preferred Stock Offering
Company:
Bluerock Residential Growth REIT, Inc. (AMEX:BRG)
Date announced:
5/26/2016
Shares Offered:
400,000
Date of Pricing:
5/26/2016
Price Per Share:
$25.00
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.
Preferreds: BRG.PRA, BRG.PRD, BRG.PRC
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Avg. Broker Rec.
 
|
Hold (2.00 out of 4) 69th percentile
(ranked higher than approx. 69% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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