Bluerock Residential Growth REIT Inc | 7.125% Series D Cumulative Preferred Stock (BRG.PRD)
Prospectus excerpt: We will pay cumulative cash dividends on the Series D Preferred Stock, from the date of original issue, at a rate of 7.125% per annum of the $25.00 liquidation preference per share (equivalent to $1.78125 per share). Dividends on the Series D 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, 2017, when, as and if authorized by our board of directors and declared by us. Holders of shares of Series D Preferred Stock will not be entitled to receive dividends paid on any dividend payment date if such shares were not issued and outstanding on the record date for such dividend. The Series D Preferred Stock will rank pari passu with our Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share (˘Series A Preferred Stock÷), Series B Redeemable Preferred Stock, $0.01 par value per share (˘Series B Preferred Stock÷), and Series C Cumulative Redeemable Preferred Stock, $0.01 par value per share (˘Series C Preferred Stock÷), and senior to our Class A common stock, $0.01 par value per share (˘Class A common stock÷), with respect to priority of dividend payments and rights upon our liquidation, dissolution or winding up.
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