PreferredStockChannel
Urstadt Biddle Properties Inc | 6.250% Series H Cumulative Redeemable Preferred Stock (UBP.PRH)

Prospectus excerpt:  Urstadt Biddle Properties Inc. is offering 4,000,000 shares of 6.250% Series H Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the Series H Preferred Stock. Cash dividends on the Series H 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 October 31, 2017 at the rate of 6.250% per annum of the $25.00 per share liquidation preference, equaling a fixed annual dividend amount per share of $1.5625. The Series H 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). The Series H Preferred Stock is not redeemable by us prior to September 18, 2022, except under circumstances where it is necessary to preserve our status as a real estate investment trust, or REIT, for U.S. federal income tax purposes and except as described below upon the occurrence of a Change of Control. On and after September 18, 2022, we may, at our option, redeem any or all of the Series H 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:H
Alternate symbology:UBP-H, UBP-PH, UBPprH
Redeemable?:Yes
Call Date:9/18/2022
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Overallotment:600000
Liquidation Preference:$25
Recent Market Price:$25.34
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.34 (1.36%)
Annualized Dividend:1.5625
Recent Ex-Date:10/14/2021
Current Yield:6.17%
Original Coupon:6.25%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn UBP.PRH'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: 
$2,348,797
Total Market Capitalization: 
$568,000,000
% of Market Cap. Held by ETFs: 
0.41%

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