PreferredStockChannel
7.375% Series A Cumulative Redeemable Perp Prfd Stock (HTIA)

Prospectus excerpt:  We are offering 1,400,000 shares of our 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share, which we refer to as our “Series A Preferred Stock.” This is an original issuance of our Series A Preferred Stock. Holders of Series A Preferred Stock will be entitled to cumulative dividends in the amount of $1.84375 per share each year, which is equivalent to the rate of 7.375% 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 for the Series A Preferred Stock sold in this offering will be paid on January 15, 2020 and will represent an accrual for less than a full quarter, covering the period from December 11, 2019 to December 31, 2019.

Full Prospectus PDF », Secondary Prospectus PDF »

Series:A
Redeemable?:Yes
Call Date:12/11/2024
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,400,000
Liquidation Preference:$25.00
Recent Market Price:$15.64
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-9.36 (-37.44%)
Annualized Dividend:1.84375
Recent Ex-Date:1/4/2024
Current Yield:11.79%
Original Coupon:7.38%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn HTIA's Rating

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