PreferredStockChannel
Urstadt Biddle Properties Inc | 6.75% Series G Cumulative Redeemable Preferred Stock (UBP.PRG)

This preferred is marked as having been called.
Prospectus excerpt:  Cash dividends on the Series G Preferred Stock will be cumulative from, and including the original issue date and will be payable quarterly in arrears on or about January 31, April 30, July 31 and October 31 of each year beginning on January 31, 2015 at the rate of 6.75% per annum of the $25.00 per share liquidation preference, equaling a fixed annual dividend amount per share of $1.6875. The Series G Preferred Stock has no stated maturity and will not be subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless redeemed or otherwise repurchased by us or converted by the holders in connection with a Change of Control (as defined in this prospectus supplement). Prior to October 28, 2019, we may, at our option, redeem any or all of the Series G Preferred Stock for cash pursuant to the make-whole redemption provision described in this prospectus supplement (subject to the exception described below). On and after October 28, 2019, we may, at our option, redeem any or all of the Series G Preferred Stock for cash at a redemption price of $25.00 per share, plus accrued and unpaid dividends, if any, to but not including the redemption date (subject to the exception described below).

Full Prospectus PDF », UBP Page »

Series:G
Alternate symbology:UBP-G, UBP-PG, UBPprG
Redeemable?:Yes
Call Date:10/28/2019 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,800,000
Overallotment:200,000
Liquidation Preference:$25
Original Coupon:6.75%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn UBP.PRG's Rating
Urstadt Biddle Properties is a real estate investment trust engaged in the acquisition, ownership and management of commercial real estate. Co.'s business is the ownership of real estate investments, which consist principally of investments in properties, with primary focus on neighborhood and community shopping centers in the metropolitan New York tri-state area outside of the City of New York. In addition to its business of owning and managing real estate, Co. is involved in the beer, wine and spirits retail business, through its subsidiaries. Each subsidiary corporation owns and operates a beer, wine and spirits retail store at one of Co.'s shopping centers.

Preferreds: UBP.PRD, UBP.PRC, UBP.PRF, UBP.PRG, UBP.PRH, UBP.PRK


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Name: 
Urstadt Biddle Properties Inc
Website: 
www.ubproperties.com
Sector: 
REITs
Number of ETFs Holding UBP: 
5 (see which ones)
Total Market Value Held by ETFs: 
$5,194,419
Total Market Capitalization: 
$542,000,000
% of Market Cap. Held by ETFs: 
0.96%

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