Global Net Lease Inc | 7.25% Series A Cumulative Redeemable Preferred Stock (GNL.PRA)
Prospectus excerpt: We are offering 4,000,000 shares of our 7.25% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the ÙSeries A Preferred Stockˆ). Holders of Series A Preferred Stock will be entitled to cumulative dividends in the amount of $1.8125 per share each year, which is equivalent to the rate of 7.25% of the $25.00 liquidation preference per share per annum. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the 15th day of each of January, April, July and October of each year (or, if not a business day, the next succeeding business day) to holders of record on the applicable record date. The first quarterly dividend payment date for the Series A Preferred Stock will be October 15, 2017 and will represent an accrual for less than a full quarter, covering the period from September 12, 2017 to September 30, 2017. The Series A Preferred Stock has no stated maturity and will remain outstanding indefinitely unless redeemed or otherwise repurchased.
Global Net Lease is an externally managed real estate investment trust. Co. focuses on acquiring and managing a globally portfolio of commercial real estate properties. Co. invests in commercial properties, with an emphasis on sale-leaseback transactions and mission-critical, single tenant net-lease assets. Substantially all of Co.'s business is conducted through its subsidiary, Global Net Lease Operating Partnership, L.P., and its wholly-owned subsidiaries.
Global Net Lease Inc | 7.25% Series A Cumulative Redeemable Preferred Stock (GNL.PRA) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com