PreferredStockChannel
Fortress Biotech Inc | 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock (FBIOP)

Prospectus excerpt:  We are offering 1,000,000 shares of our 9.375% Series A Cumulative Redeemable Perpetual Preferred Stock, which we refer to as the Series A Preferred Stock.

Full Prospectus PDF », Secondary Prospectus PDF », FBIO Page »

Series:A
Redeemable?:Yes
Call Date:12/15/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,000,000
Overallotment:150,000
Liquidation Preference:$25.00
Recent Market Price:$15.06
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-9.94 (-39.76%)
Annualized Dividend:2.343756
Recent Ex-Date:4/12/2024
Current Yield:15.56%
Original Coupon:9.375%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn FBIOP's Rating
Fortress Biotech is a biopharmaceutical company focused on acquiring, developing and commercializing pharmaceutical and biotechnology products and product candidates. Through its partner company, Co. markets dermatology products including Qbrexza®, which is a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane® (isotretinoin) capsule, which is an oral capsule for the treatment of severe recalcitrant nodular acne; Ximino® (minocycline hydrochloride), which is an oral minocycline drug for the treatment of moderate to severe acne; as well as Targadox® (doxycycline hyclate), which is an oral doxycycline drug for adjunctive therapy for severe acne.

Preferred: FBIOP


Open the FBIO Information Page »
Name: 
Fortress Biotech Inc
Website: 
www.fortressbiotech.com
Sector: 
Drugs & Pharmaceuticals
Number of ETFs Holding FBIO: 
2 (see which ones)
Total Market Value Held by ETFs: 
$797,323
Total Market Capitalization: 
$6,000,000
% of Market Cap. Held by ETFs: 
13.29%
Series:A
Redeemable?:Yes
Call Date:12/15/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,000,000
Overallotment:150,000
Liquidation Preference:$25.00
Recent Market Price:$15.06
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-9.94 (-39.76%)
Annualized Dividend:2.343756
Recent Ex-Date:4/12/2024
Current Yield:15.56%
Original Coupon:9.375%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn FBIOP's Rating
Fortress Biotech is a biopharmaceutical company focused on acquiring, developing and commercializing pharmaceutical and biotechnology products and product candidates. Through its partner company, Co. markets dermatology products including Qbrexza®, which is a medicated cloth towelette for the treatment of primary axillary hyperhidrosis; Accutane® (isotretinoin) capsule, which is an oral capsule for the treatment of severe recalcitrant nodular acne; Ximino® (minocycline hydrochloride), which is an oral minocycline drug for the treatment of moderate to severe acne; as well as Targadox® (doxycycline hyclate), which is an oral doxycycline drug for adjunctive therapy for severe acne.

Preferred: FBIOP


Open the FBIO Information Page »
Name:  Fortress Biotech Inc
Website:  www.fortressbiotech.com
Sector:  Drugs & Pharmaceuticals
Number of ETFs Holding FBIO:  2 (see which ones)
Total Market Value Held by ETFs:  $797,323
Total Market Capitalization:  $6,000,000
% of Market Cap. Held by ETFs:  13.29%

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