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Colony Capital Inc (New) | 8.75% Series A Cumulative Redeemable Preferred Stock (CLNS.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering to the public 2,200,000 shares of our 8.75% Series A Cumulative Redeemable Preferred Stock, which we refer to in this prospectus supplement as the Series A Preferred Stock. Dividends on the Series A Preferred Stock will be cumulative from the date of original issue and payable quarterly, beginning on or about November 15, 2006, at the rate of 8.75% of the liquidation preference per annum, or $2.1875 per share of Series A Preferred Stock per annum. However, if following a “change of control,” the Series A Preferred Stock is not listed on the New York Stock Exchange or the American Stock Exchange or quoted on NASDAQ, investors will be entitled to receive cumulative cash dividends from, but excluding, the first date on which both the change of control has occurred and the Series A Preferred Stock is not so listed or quoted at the increased rate of 9.75% per annum of the $25.00 liquidation preference (equivalent to $2.4375 per annum per share) for as long as the Series A Preferred Stock is not so listed or quoted.

Except in instances relating to preservation of our qualification as a real estate investment trust for federal income tax purposes or in connection with a “change of control,” the Series A Preferred Stock is not redeemable prior to September 14, 2011. On and after September 14, 2011, we may redeem the Series A Preferred Stock in whole at any time or in part from time to time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. If at any time following a “change of control,” the Series A Preferred Stock is not listed on the New York Stock Exchange or the American Stock Exchange or quoted on NASDAQ, we will have the option to redeem the Series A Preferred Stock, in whole but not in part, within 90 days after the first date on which both the change of control has occurred and the Series A Preferred Stock is not so listed or quoted, for cash at $25.00 per share, plus accrued and unpaid dividends, if any, to the redemption date. The Series A Preferred Stock has no maturity date and will remain outstanding indefinitely unless redeemed.

Full Prospectus PDF », CLNS Page »

Series:A
Alternate symbology:CLNS-A, CLNS-PA, CLNSprA
Redeemable?:Yes
Call Date:9/14/2011 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,200,000
Overallotment:330,000
Liquidation Preference:$25
Original Coupon:8.75%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn CLNS.PRA's Rating
NorthStar Asset Management Group is an asset management firm. Co.'s primary business lines are as follows: NorthStar Listed Companies, and Retail Companies, which provides asset management and other services on a fee basis by managing the day-to-day activities of the NorthStar Listed Companies, and Retail Companies; Broker-dealer, which raises capital in the retail market through NorthStar Securities and earned dealer manager fees for selling equity in the Retail Companies; Direct Investments, which invest in strategic partnerships and joint ventures with third-parties. As of Dec 31 2017, Co. had $43.00 billion of assets under management.

Preferreds: CLNS.PRB, CLNS.PRA, CLNS.PRF, CLNS.PRC, CLNS.PRD, CLNS.PRE, CLNS.PRG, CLNS.PRH, CLNS.PRI, CLNS.PRJ


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Name: 
Colony Capital Inc (New)
Website: 
www.clns.com
Sector: 
REITs

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