Bluerock Residential Growth REIT Inc | 8.250% Series A Cumulative Redeemable Preferred Stock (BRG.PRA)
Prospectus excerpt: We will pay cumulative cash dividends on the Series A Preferred Stock, from the date of original issue to, but not including, October 21, 2022, at a rate of 8.250% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual amount of $2.0625 per share) (the ˘Initial Rate÷). Dividends on the Series A Preferred Stock will be payable quarterly in arrears on each January 5th, April 5th, July 5th and October 5th of each year, commencing on January 5, 2016, when, as and if authorized by our board of directors and declared by us. The Series A Preferred Stock will rank senior to our Class A common stock, $0.01 par value per share (˘Class A common stock÷) and Class B-3 common stock, $0.01 par value per share (˘Class B common stock,÷ and collectively with Class A common stock, ˘common stock÷), with respect to priority of dividend payments and rights upon our liquidation, dissolution or winding up.
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