Landmark Infrastructure Partners LP | Series A Cumulative Redeemable Perpetual Preferred Units (LMRKP)
Prospectus excerpt: Distributions on the Series A Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of January, April, July and October of each year, when, as and if declared by the board of directors of our general partner. The initial distribution on the Series A Preferred Units offered hereby will be payable on July 15, 2016 in an amount equal to $0.5611 per unit. Distributions on the Series A Preferred Units will be payable out of amounts legally available therefor at a rate equal to 8.00% per annum of the stated liquidation preference.
Landmark Infrastructure Partners is engaged in the acquisition, development, ownership and management of a portfolio of real property interests and infrastructure assets that are leased to companies in the wireless communication, outdoor advertising and renewable power generation industries. Co.'s real property interests underlie its tenants' infrastructure assets, which include freestanding cellular towers and rooftop wireless sites, data centers,billboards, wind turbines, solar arrays and development equipment. Co. conducts business through four reportable business segments: Wireless Communication, Digital Infrastructure, Outdoor Advertising and Renewable Power Generation.