Atlanticus Holdings Corp | 7.625% Series B Cumulative Preferred Stock (ATLCP)
Prospectus excerpt: We are offering for sale 2,800,000 shares of our 7.625% Series B Cumulative Perpetual Preferred Stock, no par value per share (the “Series B Preferred Stock”). The liquidation preference of each share of Series B Preferred Stock is $25.00. We will pay cumulative distributions on the Series B Preferred Stock, from, and including, the date of original issuance, in the amount of $1.90625 per share each year, which is equivalent to 7.625% of the $25.00 liquidation preference per share. Dividends on the Series B Preferred Stock will be payable quarterly in arrears, on or about the 15th day of March, June, September and December of each year (or, if not on a business day, on the next succeeding business day). The first dividend on the Series B Preferred Stock sold in this offering will be paid on or about September 15, 2021.
Atlanticus Holdings is a holding company. Through its subsidiaries, Co. provides products and services to lenders in the U.S. Co. has two segments: Credit and Other Investments, which provides private label credit and general purpose credit cards originated by lenders through multiple channels, including retail and healthcare, direct mail solicitation, digital marketing and partnerships with third parties; and Auto Finance, which purchases and/or services loans secured by automobiles from or for, and also provides floor plan financing for, a pre-qualified network of automotive dealers and automotive finance companies in the buy-here, pay-here, used car business.
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