Stock message boards
Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
9% Series A Cumulative Redeemable Preferred Stock (BIR.PRA)

Prospectus exerpt:  The Preferred Shares pay cumulative preferential cash distributions at an annual rate of 9% of their $25.00 liquidation preference. Distributions accrue from the date of original issue, are payable quarterly and accrue without interest. Consistent with Maryland law, distributions may be paid only if we have legally available funds. After February 15, 2010, the shares are redeemable by us for $25.00 per share plus accumulated and unpaid distributions.

Full Prospectus PDF »

Series:A
Redeemable?:Yes
Call Date:2/15/2010 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,010,941
Liquidation Preference:$25
Recent Market Price:$27.90
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$2.90 (11.60%)
Annualized Dividend:2.25
Recent Ex-Date:8/7/2014
Current Yield:8.07%
Original Coupon:9.000%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov

Quotes delayed 20 minutes

9% Series A Cumulative Redeemable Preferred Stock (BIR.PRA) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2014, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.