PreferredStockChannel
Textainer Group Holdings Ltd | Series A Cumulative Reset Rate Preference Shares (TGH.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  Each of the 6,000,000 depositary shares offered hereby (the “Depositary Shares”) represents a 1/1,000th interest in a share of 7.000% Series A Cumulative Redeemable Perpetual Preference Shares, par value $0.01 per share, with a $25,000 liquidation preference per share (equivalent to $25.00 per Depositary Share) (the “Series A Preference Shares”) of Textainer Group Holdings Limited, deposited with Computershare Trust Company, N.A., as depositary (the “Depositary”). The Depositary Shares are evidenced by depositary receipts. As a holder of Depositary Shares, you will be entitled to a proportional fractional interest in all rights and preferences of the Series A Preference Shares (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the Depositary.

Full Prospectus PDF », Secondary Prospectus PDF », TGH Page »

Series:A
Alternate symbology:TGH-A, TGH-PA, TGHprA
Redeemable?:Yes
Call Date:6/15/2026
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:6,000,000
Overallotment:900,000
Liquidation Preference:$25.00
Recent Market Price:$25.15
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.15 (0.60%)
Annualized Dividend:1.75
Recent Ex-Date:2/29/2024
Current Yield:6.96%
Original Coupon:7.00% until 6/15/2026, then equal to the sum of the five-year treasury rate on the applicable fixed rate calculation date plus 6.134%, resetting every 5 years thereafter on applicable fixed rate calculation date
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn TGH.PRA's Rating
Textainer Group Holdings is a holding company. Through its subsidiaries, Co. purchases, manages, leases and resells a fleet of marine cargo containers. Co. manages and provides administrative support to the affiliated and unaffiliated third-party owners' (Container Investors) container fleets. Co. conducts its business activities in three main areas: Container Ownership, which consists of standard dry freight containers, but also includes refrigerated and other special-purpose containers; Container Management, which manages containers for and on behalf of the Container Investors; and Container Resale, which buys and subsequently resells containers (trading containers) from third parties.

Preferreds: TGH.PRA, TGH.PRB


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Name: 
Textainer Group Holdings Ltd
Website: 
www.textainer.com
Sector: 
Shipping

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