PreferredStockChannel
CBL & Associates Properties Inc | 7.75% Series C Cumulative Redeemable Preferred Stock (CBL.PRC)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering and selling 4,200,000 depositary shares, each representing a 1/10th fractional interest of a share of our 7.75% Series C cumulative redeemable preferred stock, par value $.01 per share. 420,000 shares of Series C preferred stock underlying the depositary shares will be deposited with SunTrust Bank, as depositary. As a record holder of depositary shares, you will be entitled to all proportional rights, preferences and privileges of the Series C preferred stock underlying the depositary shares. We will receive all of the net proceeds from the sale of the depositary shares.

We will pay cumulative dividends on the shares of Series C preferred stock underlying the depositary shares, from and including the date of original issuance, in the amount of $1.9375 per depositary share each year, which is equivalent to 7.75% of the $25.00 liquidation preference per depositary share. Dividends will be payable quarterly in arrears, beginning on September 30, 2003.

We may not redeem the shares of Series C preferred stock underlying the depositary shares before August 22, 2008, except to preserve our status as a real estate investment trust. On or after August 22, 2008, we may, at our option, redeem the shares of Series C preferred stock, in whole or in part, by paying $250.00 per share ($25.00 per depositary share), plus any accrued and unpaid dividends up to and including the date of redemption. The shares of Series C preferred stock have no stated maturity, will not be subject to any sinking fund or mandatory redemption and will not be convertible into any of our other securities. Owners of the depositary shares will generally have no voting rights, but will have limited voting rights if we fail to pay dividends for six or more quarters and under certain other circumstances.

Full Prospectus PDF », Secondary Prospectus PDF », CBL Page »

Series:C
Alternate symbology:CBL-C, CBL-PC, CBLprC
Redeemable?:Yes
Call Date:8/22/2008 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,200,000
Overallotment:630,000
Liquidation Preference:$25.00
Original Coupon:7.75%
Pay Period:Quarterly
Pay Dates:30-Mar, 30-Jun, 30-Sep, 30-Dec
CDx3 Compliance Rating: Learn CBL.PRC's Rating
CBL & Associates Properties is a self-managed and self-administered real estate investment trust. Co. owns, develops, acquires, leases, manages, and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers, office and other properties. Co.'s properties are located in several states, but are primarily in the southeastern and midwestern U.S. Co. conducts substantially all of its business through CBL & Associates Limited Partnership. Co. also conducts its property management and development activities through its subsidiary, CBL & Associates Management, Inc.

Preferreds: CBL.PRC, CBLDQ, CBLEQ


Open the CBL Information Page »
Name: 
CBL & Associates Properties Inc
Website: 
www.cblproperties.com
Sector: 
REITs
Number of ETFs Holding CBL: 
24 (see which ones)
Total Market Value Held by ETFs: 
$76,359,121.41

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

CBL & Associates Properties Inc | 7.75% Series C Cumulative Redeemable Preferred Stock (CBL.PRC) 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.