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DigitalBridge Group Inc | 8.875% Series C Cumulative Redeemable Preferred Stock (CLNY.PRC)
Prospectus excerpt: We, NorthStar Realty Finance Corp., are offering to the public 5,000,000 shares of our 8.875% Series C Cumulative Redeemable Preferred Stock, or the Series C Preferred Stock. Dividends on shares of the Series C Preferred Stock will be cumulative from, and including, the date of original issue and payable quarterly, beginning on February 15, 2013, at the rate of 8.875% of the liquidation preference per annum, or $2.21875 per share of Series C Preferred Stock per annum. Except to preserve our qualification as a real estate investment trust for federal income tax purposes or in connection with a Change of Control (as defined below), the Series C Preferred Stock is not redeemable prior to October 11, 2017. On and after October 11, 2017, we may redeem the Series C Preferred Stock in whole at any time or in part from time to time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends to but excluding the redemption date (subject to an exception described below), or the redemption price. The Series C Preferred Stock has no maturity date and will remain outstanding indefinitely unless redeemed or repurchased by us or converted by the holders. Upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series C Preferred Stock at any time and from time-to-time within 120 days after the first date on which such Change of Control occurred at the redemption price. Full Prospectus PDF », CLNY Page »
Series: | C | Alternate symbology: | CLNY-C, CLNY-PC, CLNYprC | Redeemable?: | Yes | Call Date: | 10/11/2017 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 5,000,000 | Overallotment: | 750,000 | Liquidation Preference: | $25 | Original Coupon: | 8.88% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
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Colony Capital is a holding company. Through its subsidiaries, Co. is an investment firm with a focus on identifying and capitalizing on secular trends in digital real estate. Co. conducts its operations as a real estate investment trust. Co. is an owner, operator and investment manager of digital infrastructure and real estate. Co. owns, manages, and/or operates across all main infrastructure components of the digital ecosystem including data centers, cell towers, fiber networks and small cells. Co. conducts its business through five reportable segments as follows: Digital Investment Management; Digital Operating; Digital Other; Wellness Infrastructure; and Other. Preferreds: CLNY.PRB, CLNY.PRA, CLNY.PRF, CLNY.PRC, CLNY.PRD, CLNY.PRE, CLNY.PRG, CLNY.PRH, CLNY.PRI, CLNY.PRJ Open the CLNY Information Page »
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