PreferredStockChannel
Applied UV Inc | 10.5% Series A Cumulative Perpetual Preferred Stock (AUVIP)

Prospectus excerpt:  Applied UV, Inc. is offering 480,000 shares of its 10.5% Series A Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) at an offering price of $25.00 per share. There is no minimum on the number of shares of Series A Preferred Stock that may be purchased in this offering. Dividends on the Series A Preferred Stock will accrue daily and will be cumulative from, and including, the first day of the month of the date of issue, and will be payable monthly in arrears on the 15th day of each month and if such date is not a business day, then payable on the immediately following business day, commencing on August 15, 2021 when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefor at a rate equal to 10.5% per annum per $25.00 of stated liquidation preference per share, or $2.625 per share of the Series A Preferred Stock per year. We will establish a segregated account that will be funded at closing with proceeds sufficient to pre-fund twelve (12) monthly dividend payments. The segregated account may only be used to pay dividends on the Series A Preferred Stock, when legally permitted, and may not be used for other corporate purposes.

Full Prospectus PDF », Secondary Prospectus PDF », AUVI Page »

Series:A
Redeemable?:Yes
Call Date:7/16/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:480,000
Overallotment:72,000
Liquidation Preference:$25.00
Recent Market Price:$5.72
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-19.28 (-77.12%)
Annualized Dividend:2.625
Recent Ex-Date:4/1/2022
Current Yield:45.89%
Original Coupon:10.50%
Pay Period:Monthly
CDx3 Compliance Rating: Learn AUVIP's Rating
Applied UV is a holding company. Through its subsidiaries, SteriLumen, Inc. (SteriLumen) and Munn Works, LLC (MunnWorks), Co. is a sales and marketing company that develops, acquires, markets and sells proprietary surface and air disinfection technology focused on Improving Indoor Air Quality, LED lighting and mirrors and commercial furnishings. SteriLumen owns, brands, and markets a portfolio of products utilizing ultraviolet light Carbon, Broad Spectrum UVC LED's, and Photo-catalytic oxidation pathogen elimination technology. MunnWorks manufactures and sells custom backlit mirrors, conference room and living spaces furnishings.

Preferred: AUVIP


Open the AUVI Information Page »
Name: 
Applied UV Inc
Website: 
www.applieduvinc.com
Sector: 
Metals Fabrication & Products
Number of ETFs Holding AUVI: 
1 (see which ones)
Total Market Value Held by ETFs: 
$11,019

Quotes delayed 20 minutes

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

Applied UV Inc | 10.5% Series A Cumulative Perpetual Preferred Stock (AUVIP) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2024, 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.