PreferredStockChannel
Atlas Corp. | 7.95% Series D Cumulative Redeemable Perpetual Preferred Shares (ATCO.PRD)

Prospectus excerpt:  We are offering 2,700,000 of our 7.95% Series D Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the ÙSeries D Preferred Sharesˆ).

Dividends on the Series D Preferred Shares are cumulative from the date of original issue and will be payable quarterly in arrears on the 30th day of January, April, July and October of each year, when, as and if declared by our board of directors. The initial dividend on the Series D Preferred Shares offered hereby will be payable on January 30, 2013. Dividends will be payable out of amounts legally available therefor at an initial rate equal to 7.95% per annum of the stated liquidation preference.

At any time on or after January 30, 2018, the Series D Preferred Shares may be redeemed, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per share plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption, whether or not declared.

Full Prospectus PDF », Secondary Prospectus PDF », ATCO Page »

Series:D
Alternate symbology:ATCO-D, ATCO-PD, ATCOprD
Redeemable?:Yes
Call Date:1/30/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,700,000
Overallotment:405,000
Liquidation Preference:$25.00
Recent Market Price:$24.60
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.40 (-1.60%)
Annualized Dividend:1.9875
Recent Ex-Date:4/26/2024
Current Yield:8.08%
Original Coupon:7.95%
Pay Period:Quarterly
Pay Dates:30-Jan, 30-Apr, 30-Jul, 30-Oct
CDx3 Compliance Rating: Learn ATCO.PRD's Rating
Atlas is holding company. Through its subsidiaries, Co. is a global asset manager. Co. has two reportable segments: containership leasing and mobile power generation. Co.'s containership leasing segment, which is conducted through its subsidiary, Seaspan Corporation, owns and operates a fleet of containerships which it charters to main container liner companies. Co.'s power generation segment, which is conducted through its another subsidiary, APR Energy Limited, owns and operates a fleet of power generation assets, including gas turbines and other equipment, and provides power solutions to customers through various contracts.

Preferreds: SSW.PRC, ATCO.PRD, ATCO.PRE, ATCO.PRG, ATCO.PRH, ATCO.PRH, ATCO.PRI, ATCO.PRI


Open the ATCO Information Page »
Name: 
Atlas Corp.
Website: 
www.atlascorporation.com
Sector: 
Shipping

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