PreferredStockChannel
NorthStar Realty Finance Corp | 8.500% Series D Cumulative Redeemable Preferred Stock (NRF.PRD)

Prospectus excerpt:  We, NorthStar Realty Finance Corp., are offering to the public 7,000,000 shares of our 8.500% Series D Cumulative Redeemable Preferred Stock, or the Series D Preferred Stock. Dividends on shares of the Series D Preferred Stock will be cumulative from, and including, the date of original issue and payable quarterly, beginning on May 15, 2013, at the rate of 8.500% of the liquidation preference per annum, or $2.125 per share of Series D Preferred Stock per annum.

Except to preserve our qualification as a real estate investment trust for federal income tax purposes or in connection with a Change of Control (as defined below), the Series D Preferred Stock is not redeemable prior to April 10, 2018. On and after April 10, 2018, we may redeem the Series D Preferred Stock in whole at any time or in part from time-to-time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends to but excluding the redemption date (subject to an exception described below), or the redemption price. The Series D Preferred Stock has no maturity date and will remain outstanding indefinitely unless redeemed or repurchased by us or converted by the holders. Upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series D Preferred Stock at any time and from time-to-time within 120 days after the first date on which such Change of Control occurred at the redemption price.

Full Prospectus PDF », NRF Page »

Series:D
Alternate symbology:NRF-D, NRF-PD, NRFprD
Redeemable?:Yes
Call Date:4/10/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:7,000,000
Overallotment:1,050,000
Liquidation Preference:$25
Original Coupon:8.500%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn NRF.PRD's Rating
NorthStar Realty Finance is a commercial real estate company. Co. is externally managed and advised by an affiliate of NorthStar Asset Management Group Inc. Co.'s primary business lines are: real estate, which focuses on various types of investments in commercial real estate that includes healthcare, hotel, manufactured housing communities, net lease, multifamily and multi-tenant office properties; Commercial Real Estate Debt, which focuses on senior and subordinate debt investments; and Commercial Real Estate Securities, which is comprised of its collateralized debt obligations (N-Star CDO) bonds and N-Star CDO equity of deconsolidated N-Star CDOs and includes other securities.

Preferreds: NRF.PRB, NRF.PRA, NRF.PRC, NRF.PRD, NRF.PRE


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Name: 
NorthStar Realty Finance Corp
Website: 
www.nrfc.com
Sector: 
REITs

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