Colony Capital Inc (New) | 8.500% Series D Cumulative Redeemable Preferred Stock (CLNS.PRD)

This preferred is marked as having been called.
Prospectus excerpt:  We, NorthStar Realty Finance Corp., are offering to the public 7,000,000 shares of our 8.500% Series D Cumulative Redeemable Preferred Stock, or the Series D Preferred Stock. Dividends on shares of the Series D Preferred Stock will be cumulative from, and including, the date of original issue and payable quarterly, beginning on May 15, 2013, at the rate of 8.500% of the liquidation preference per annum, or $2.125 per share of Series D Preferred Stock per annum.

Except to preserve our qualification as a real estate investment trust for federal income tax purposes or in connection with a Change of Control (as defined below), the Series D Preferred Stock is not redeemable prior to April 10, 2018. On and after April 10, 2018, we may redeem the Series D 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 to but excluding the redemption date (subject to an exception described below), or the redemption price. The Series D Preferred Stock has no maturity date and will remain outstanding indefinitely unless redeemed or repurchased by us or converted by the holders. Upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series D Preferred Stock at any time and from time-to-time within 120 days after the first date on which such Change of Control occurred at the redemption price.

Full Prospectus PDF », CLNS Page »

Alternate symbology:CLNS-D, CLNS-PD, CLNSprD
Call Date:4/10/2018 (Now Trading Post Call Date)
Shares Offered:7,000,000
Liquidation Preference:$25
Original Coupon:8.50%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn CLNS.PRD'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.


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Colony Capital Inc (New)

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