Boston Properties Inc | 5.25% Series B Cumulative Redeemable Preferred Stock (BXP.PRB)

Prospectus excerpt:  We are selling 8,000,000 depositary shares, or Depositary Shares, each of which represents 1/100th of a share of our 5.25% Series B Cumulative Redeemable Preferred Stock, par value $.01 per share, which we refer to in this prospectus supplement as our Series B Preferred Stock. The Series B Preferred Stock represented by the Depositary Shares will be deposited with Computershare Trust Company, N.A., as Depositary. As a holder of a Depositary Share, you will be entitled to proportional rights and preferences as if you held 1/100th of a share of our Series B Preferred Stock. The following is a summary of the Series B Preferred Stock:

We will pay cumulative cash dividends on the Series B Preferred Stock from, and including, the date of original issuance, at a rate of 5.25% per annum of the $2,500 liquidation preference per share of the Series B Preferred Stock (equivalent to a fixed annual amount of $131.25 per share of the Series B Preferred Stock or $1.3125 per Depositary Share).

We will pay cash dividends on the Series B Preferred Stock quarterly, commencing on May 15, 2013, with the payment on that date being based pro rata on the number of days from and including the original issuance date through and including May 15, 2013, computed on the basis of a 360-day year consisting of twelve 30-day months.

Except in certain circumstances relating to the preservation of our status as a real estate investment trust, or REIT, for United States federal income tax purposes we may not redeem the Series B Preferred Stock prior to March 27, 2018.

On and after March 27, 2018, we, at our option, may redeem the Series B Preferred Stock (and cause the redemption of the Depositary Shares) for a cash redemption price of $2,500 per share of Series B Preferred Stock (equivalent to $25.00 per Depositary Share), plus all accrued and unpaid dividends.

The Series B Preferred Stock has no maturity date and no sinking fund has been established for the retirement or redemption thereof and is not convertible into or exchangeable for any other property or securities.

Full Prospectus PDF », BXP Page »

Alternate symbology:BXP-B, BXP-PB, BXPprB
Call Date:3/27/2018 (Now Trading Post Call Date)
Shares Offered:8,000,000
Liquidation Preference:$25
Original Coupon:5.25%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn BXP.PRB's Rating
Boston Properties is a real estate investment trust that develops, owns and manages primarily office properties. Co.'s properties are concentrated in Boston, Los Angeles, New York, San Francisco and Washington, DC markets. Co. is a real estate company, with in-house knowledge and resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services. Co. manages Boston Properties Limited Partnership, which is the entity through which Co. conducts substantially all of its business and owns, either directly or through subsidiaries, substantially all of its assets.

Preferred: BXP.PRB

Open the BXP Information Page »
Boston Properties Inc
Number of ETFs Holding BXP: 
96 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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

Boston Properties Inc | 5.25% Series B Cumulative Redeemable Preferred Stock (BXP.PRB) Information Page | Preferred Stock Channel |

Copyright © 2010 - 2022, 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.