STAG Industrial Inc | 6.875% Series C Cumulative Redeemable Preferred Stock (STAG.PRC)
Prospectus excerpt: We will pay cumulative dividends on the Series C Preferred Stock from the date of original issue at a rate of 6.875% per annum of the $25.00 liquidation preference per share (equivalent to the fixed annual rate of $1.71875 per share). Dividends on the Series C Preferred Stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning on June 30, 2016. The Series C Preferred Stock will rank on parity with our outstanding preferred stock and senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up.
STAG Industrial is a holding company. Through its subsidiaries, Co. is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties. Co. owns substantially all of its properties and conducts substantially all of its business through its operating partnership, STAG Industrial Operating Partnership, L.P.