PreferredStockChannel
Plymouth Industrial REIT Inc | 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  We will pay cumulative cash dividends on the Series A Preferred Stock from, and including, the date of original issue to, but excluding, December 31, 2024, at a rate of 7.50% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual amount of $1.875 per share) (the ÙInitial Rateˆ). Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the last day of March, June, September and December of each year, commencing on December 31, 2017, when, as and if authorized by our board of directors. Holders of shares of Series A Preferred Stock will not be entitled to receive dividends paid on any dividend payment date if such shares were not issued and outstanding on the record date for such dividend. On and after December 31, 2024, if any shares of Series A Preferred Stock are outstanding, we will pay cumulative cash dividends on each then-outstanding share of Series A Preferred Stock at an annual dividend rate equal to the Initial Rate plus an additional 1.5% of the liquidation preference per annum, which will increase by an additional 1.5% of the liquidation preference per annum on each subsequent December 31 thereafter, subject to a maximum annual dividend rate of 11.5% while the Series A Preferred Stock remains outstanding.

Full Prospectus PDF », Secondary Prospectus PDF », PLYM Page »

Series:A
Alternate symbology:PLYM-A, PLYM-PA, PLYMprA
Redeemable?:Yes
Call Date:12/31/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,800,000
Overallotment:270,000
Liquidation Preference:$25.00
Original Coupon:7.50%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn PLYM.PRA's Rating
Plymouth Industrial REIT is a holding company. Through its subsidiaries, Co. is a self-administered and self-managed real estate investment trust focused on the acquisition, ownership, management, redevelopment and development of single and multi-tenant industrial properties, including distribution centers, warehouses, light industrial and small bay industrial properties, located in primary and secondary markets, as well as select sub-markets, with access to large pools of labor in the main industrial, distribution and logistics corridors of the U.S. Co. owns substantially all of its assets and conducts substantially all of its business through its subsidiary, Plymouth Industrial OP, LP.

Preferred: PLYM.PRA


Open the PLYM Information Page »
Name: 
Plymouth Industrial REIT Inc
Website: 
www.plymouthreit.com
Sector: 
REITs
Number of ETFs Holding PLYM: 
24 (see which ones)
Total Market Value Held by ETFs: 
$117,911,645.04
Total Market Capitalization: 
$942,000,000
% of Market Cap. Held by ETFs: 
12.52%

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Plymouth Industrial REIT Inc | 7.50% Series A Cumulative Redeemable Preferred Stock (PLYM.PRA) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.