PreferredStockChannel
Radiant Logistics, Inc. | 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock (RLGT.PRA)

Prospectus excerpt:  We are offering 800,000 shares of our 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock, which we refer to as the Series A Preferred Shares, or the Series A Preferred Stock.

Dividends on the Series A Preferred Stock are cumulative from the date of original issue and will be payable on the 31st day of each January, July and October and on the 30th day of April commencing April 30, 2014 when, as and if declared by our board of directors. Dividends will be payable out of amounts legally available therefore at an initial rate equal to 9.75% per annum per $25.00 of stated liquidation preference per share. Before this offering, there has been no public market for the Series A Preferred Stock.

Commencing on December 20, 2018, we may redeem, at our option, the Series A Preferred Shares, in whole or in part, at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends to, but not including, the redemption date. The Series A Preferred Shares have no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities.

Full Prospectus PDF », RLGT Page »

Series:A
Alternate symbology:RLGT-A, RLGT-PA, RLGTprA
Redeemable?:Yes
Call Date:12/20/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:800,000
Overallotment:120,000
Liquidation Preference:$25
Original Coupon:9.75%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn RLGT.PRA's Rating
Radiant Logistics operates as a third-party logistics company, providing multi-modal transportation and logistics services primarily in the U.S. and Canada. Through its operating locations across North America, Co. provides domestic, international air and ocean freight forwarding services and freight brokerage services. Co.'s primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment, and other goods that are larger than shipments handled by integrated carriers of primarily small parcels. Co. also provides other logistics services including materials management and distribution services, and customs house brokerage services.

Preferred: RLGT.PRA


Open the RLGT Information Page »
Name: 
Radiant Logistics, Inc.
Website: 
www.radiantdelivers.com
Sector: 
Shipping
Number of ETFs Holding RLGT: 
14 (see which ones)
Total Market Value Held by ETFs: 
$25,543,188
Total Market Capitalization: 
$335,000,000
% of Market Cap. Held by ETFs: 
7.62%

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