 |
 |
 |
CoreSite Realty Corp. | 7.25% Series A Cumulative Redeemable Preferred Stock (COR.PRA)
Prospectus exerpt: We are offering 4,000,000 shares of our 7.25% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the Series A Preferred Stock. We will pay cumulative dividends on the Series A Preferred Stock from the date of original issue at a rate of 7.25% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.8125 per share). Dividends on the Series A Preferred Stock will be payable quarterly in arrears on or about the 15th day of January, April, July and October of each year, beginning on April 15, 2013. This is our original issuance of the Series A Preferred Stock, and we have no other preferred stock outstanding. With respect to dividend rights and rights upon our liquidation, dissolution or winding-up of our affairs, the Series A Preferred Stock will rank on parity with any other class or series of our subsequently issued stock expressly designated as ranking on parity with the Series A Preferred Stock and senior to our common stock, par value $0.01 per share, which we refer to in this prospectus supplement as our common stock. Generally, we are not allowed to redeem the Series A Preferred Stock prior to December 12, 2017, except in limited circumstances to preserve our status as a real estate investment trust, or REIT, and pursuant to the special optional redemption provision described below. On or after December 12, 2017, we may, at our option, redeem the Series A Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends on such Series A Preferred Stock up to but excluding the redemption date. In addition, upon the occurrence of a Change of Control (as defined in this prospectus supplement) we may, at our option, redeem the Series A Preferred Stock, in whole or in part within 120 days after the first date on which such Change of Control occurred, by paying $25.00 per share, plus any accrued and unpaid dividends to, but not including, the date of redemption. If we exercise any of our redemption rights relating to the Series A Preferred Stock, the holders of Series A Preferred Stock will not have the conversion right described below. The Series A Preferred Stock has no stated maturity and is not subject to mandatory redemption or any sinking fund. Holders of shares of the Series A Preferred Stock will generally have no voting rights except for limited voting rights if we fail to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances. Full Prospectus PDF », COR Page »
| Series: | A | | Redeemable?: | Yes | | Call Date: | 12/12/2017 | | Perpetual?: | Yes | | Cumulative?: | Yes | | Shares Offered: | 4,000,000 | | Overallotment: | 600,000 | | Liquidation Preference: | $25 | | Recent Market Price: | $26.34 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $1.34 (5.36%) | | Annualized Dividend: | 0.62 | | Recent Ex-Date: | 0/0/NA | | Current Yield: | 2.35% | | Original Coupon: | 7.250% | | Pay Period: | Quarterly | | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct |
 |
CoreSite Realty is an integrated, self-administered, and self-managed real estate investment trust. Through its controlling interest in CoreSite, L.P., Co. is engaged in the business of owning, acquiring, constructing and managing technology-related real estate. Co. is an owner, developer and operator of data centers in data center markets in the U.S., including Los Angeles, the San Francisco Bay and Northern Virginia areas, Chicago, Boston, New York City and Miami. At Dec 31 2011, Co.'s property portfolio included 12 operating data center facilities and one development site, which collectively comprise over 2.0 million net rentable square feet. Preferred: COR.PRA Open the COR Information Page »
 |

| Name: |
CoreSite Realty Corp. |
| Website: |
www.coresite.com |
| Sector: |
REITs |
| Number of ETFs Holding COR: |
28 (see which ones) |
| Total Market Value Held by ETFs: |
$85,353,347 |
| Total Market Capitalization: |
$767,000,000 |
| % of Market Cap. Held by ETFs: |
11.13% |
|
|
 |
Quotes delayed 20 minutes
 |
|
 |