09-Aug-19 Cumulative Preferred Shares
Confirmed Pfd-2 (high) Stb CA
The Series A Cumulative Preferred Shares
are perpetual, non-callable for five years, and have a liquidation preference of USD 25.00 per share.
Issued on 11 September 2018 at USD25.00 per share, the 4,360,000 Series A Cumulative Preferred Shares
pay distributions quarterly and this distribution represents the accrual period from 1 April 2019 to 30 June 2019.
The fund expects to use the proceeds from the offering to redeem the remaining outstanding shares of the Fund's 6.625% series A Cumulative Preferred Shares
. Amounts in excess of the redemption amount of the series A Preferred Shares are expected to be used for investment purposes consistent with the Fund's investment objectives.
Additionally, the board authorised dividends of USD0.70 and USD0.4609 per share on the company's the series K cumulative redeemable preferred share and series L cumulative preferred shares
for the period commencing 15 July 2016 and ending on 14 October 2016.
The trust said it plans to redeem all of its outstanding auction rate cumulative preferred shares
at their respective liquidation preferences, together with accrued and unpaid dividends, if any, to the redemption date.
Bancroft Fund Ltd (NYSE MKT:BCV) revealed on Friday that its board of trustees priced an offering of 1.2m of the company's 5.375% series A cumulative preferred shares
with a total liquidation value of USD30m.
BANKING AND CREDIT NEWS-October 26, 2012--Invesco Van Kampen Senior Income Trust Announces Anticipated Placement of Private offering of Variable Rate Term Preferred Shares and Redemptions of Auction Rate Cumulative Preferred Shares
at Par(C)2012 M2 COMMUNICATIONS http://www.m2.com
The Gabelli Dividend & Income Trust's (NYSE:GDV) board of directors has authorised the pricing of an offering of 4m 5.25% series G cumulative preferred shares
with a total liquidation value of USD100m, the company stated on Wednesday.
The proceeds to Aimco will be funnelled into the redemption of all of its class U cumulative preferred shares
outstanding, for which it will use also existing cash resources.
Public Storage (NYSE:PSA) stated on Wednesday that it will redeem all outstanding depositary shares reflecting interests in its 6.35% cumulative preferred shares
, series R (NYSE:PSAPrR) at USD25 per depositary share plus accrued dividends from 1 July 2016 until the date of redemption on 26 July 2016.
Public Storage plans to use part of the funds raised through the offering to redeem its 7.0% cumulative preferred shares
, Series N and for other general corporate purposes.