Preferred Stock Channel
American Tower Corp (New) | 5.50% Mandatory Convertible Preferred Stock, Series B (AMT.PRB)

Prospectus excerpt:  We are offering 12,500,000 depositary shares, each of which represents a 1/10th interest in a share of our 5.50% Mandatory Convertible Preferred Stock, Series B, par value $0.01 per share (the ÙMandatory Convertible Preferred Stockˆ). The shares of Mandatory Convertible Preferred Stock will be deposited with Computershare (as defined herein), as depositary, pursuant to a deposit agreement. Holders of the depositary shares will be entitled to a proportional fractional interest in the rights and preferences of the Mandatory Convertible Preferred Stock, including conversion, dividend, liquidation and voting rights, subject to the provisions of such deposit agreement.

Full Prospectus PDF », Secondary Prospectus PDF », AMT Page »

Series:B
Alternate symbology:AMT-B, AMT-PB, AMTprB
Redeemable?:Yes
Maturity Date:2/15/2018
Cumulative?:Yes
Conversion Ratio:8.5911 and 10.3093
Conversion Price:$97-$116.40
Shares Offered:12,500,000
Overallotment:1,250,000
Liquidation Preference:$100.00
Original Coupon:5.50%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn AMT.PRB's Rating
American Tower is a holding company. Through its subsidiaries, Co. is a real estate investment trust and an independent owner, operator and developer of multitenant communications real estate. Co.'s business is the leasing of space on communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. Co. also provides tower-related services in the U.S. These services include site application, zoning and permitting and structural analysis, which primarily support Co.'s site leasing business, including the addition of new tenants and equipment on its sites.

Preferreds: AMT.PRA, AMT.PRB


Open the AMT Information Page »
Name:  American Tower Corp (New)
Website:  www.americantower.com
Sector:  REITs
Number of ETFs Holding AMT:  103 (see which ones)
Total Market Value Held by ETFs:  $12,777,679,456.84
Total Market Capitalization:  $83,067,000,000
% of Market Cap. Held by ETFs:  15.38%

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