Spirit Realty Capital Inc (New) | 6.000% Series A Cumulative Redeemable Preferred Stock (SRC.PRA)
Prospectus excerpt: We are offering 6,000,000 shares of our 6.000% series A cumulative redeemable preferred stock, par value $0.01 per share, which we refer to in this prospectus supplement as the series A preferred stock. We will pay cumulative dividends on the series A preferred stock from the date of original issue at a rate of 6.000% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.50 per share). Dividends on the series A preferred stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning December 31, 2017. The series A preferred stock will rank senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up.
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Spirit Realty Capital is a self-administered and self-managed real estate investment trust with in-house capabilities, including acquisition, credit research, asset management, portfolio management, real estate research, legal, finance and accounting functions. Co. primarily invests in single-tenant, operationally essential real estate assets throughout the U.S., which are subsequently leased on a long-term, triple-net basis to tenants with operations in retail, industrial and certain other industries. Co.'s operations are carried out through its operating partnership, Spirit Realty, L.P. Preferred: SRC.PRA Open the SRC Information Page » |
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