6.375% Series E Term Preferred Stock Due 2024 (PRIF.PRE)
This preferred is marked as having been called.
Prospectus excerpt: We are offering $25 million of shares of our 6.375% Series E Term Preferred Stock due 2024, or the ìSeries E Term Preferred Stock.î The Series E Term Preferred Stock have a mandatory redemption date of December 31, 2024, a redemption price of $25 per share, and may be redeemed, in whole or in part, at any time after October 7, 2021 at our sole option. See ìDescription of the Series E Term Preferred Stock.î In addition, if we fail to maintain an asset coverage ratio of at least 200%, we will be required to redeem the number of shares of our preferred stock (which at our discretion may include any number or portion of the Series E Term Preferred Stock) that, when combined with any debt securities redeemed for failure to maintain the asset coverage required by the indenture governing such securities, (1) results in us having asset coverage of at least 200%, or (2) if fewer, the maximum number of shares of preferred stock that can be redeemed out of funds legally available for such redemption. See ìDescription of the Series E Term Preferred Stock - Redemption - Mandatory Redemption for Asset Coverage.î We intend to pay quarterly dividends on the Series E Term Preferred Stock, when, as and if authorized by, or under authority granted by, our Board of Directors, and declared by us out of funds legally available therefor, at an annual rate of 6.375% of the Liquidation Preference, or $1.59375 per share per year, for the shares of Series E Term Preferred Stock. The Series E Term Preferred Stock ranks senior in right of payment to our common stock, ranks equally in right of payment with our 6.375% Series A Term Preferred Stock due 2025, or the ìSeries A Term Preferred Stock,î our 6.25% Series B Term Preferred Stock due 2023, or the ìSeries B Term Preferred Stock,î our 6.625% Series C Term Preferred Stock due 2024, or the ìSeries C Term Preferred Stock,î our 7.000% Series D Term Preferred Stock due 2029, or the ìSeries D Term Preferred Stock,î
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