DigitalBridge Group Inc | 7.15% Series I Cumulative Redeemable Perpetual Preferred Stock (DBRG.PRI)
Prospectus excerpt: We are offering 12,000,000 shares of our 7.15% Series I Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as our Series I Preferred Stock. This is the original issuance of our Series I Preferred Stock. Dividends on our Series I Preferred Stock will be cumulative from the date of original issue and payable quarterly on or about the 15th day of each January, April, July and October at the rate of 7.15% per annum of its liquidation preference, which is equivalent to $1.7875 per annum per share. The first dividend on our Series I Preferred Stock sold in this offering is payable on July 15, 2017 (in the amount of $0.1986 per share).
DigitalBridge Group is a digital infrastructure company that invests through its portfolio companies, across data centers, cell towers, fiber networks, small cells, and edge infrastructure. Co. conducts its operations as a real estate investment trust. Co.'s segments are: Digital Investment Management, which represents a digital infrastructure investment platform, managing capital on behalf of a base of global investors; and Digital Operating, which is composed of balance sheet equity interests in digital infrastructure and real estate operating companies that provide use of digital asset space and/or capacity through leases, services and other agreements.
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