TPG RE Finance Trust Inc | 5.75% Ser E Cumul Redeemable Perp Preference Shares (TRTX.PRC)
Prospectus excerpt: We are offering 7,000,000 of our 5.75% Series E Cumulative Redeemable Perpetual Preference Shares, liquidation preference $25.00 per share (the “Series E Preference Shares”). Dividends on the Series E Preference Shares are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by our board of directors or any authorized committee thereof. Dividends will be payable out of funds legally available therefor at the rate equal to 5.75% per annum of the $25.00 liquidation preference per share, or $1.4375 per share per year. The initial dividend on the Series E Preference Shares offered hereby, if declared, will be payable on September 15, 2021 in an amount equal to $0.10781 per share.
TPG RE Finance Trust is a holding company. Through its subsidiaries, Co. conducts its operations as a real estate investment trust. Co. originates and acquires a portfolio of commercial real estate related assets consisting primarily of first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary markets in the U.S., and commercial real estate debt securities, primarily investment-grade commercial real estate collateralized loan obligation securities. Co. is externally managed and advised by TPG RE Finance Trust Management, L.P.