Preferred Stock Channel
Equity Residential | 6.48% Series N Cumulative Redeemable Preferred Share (EQR.PRN.CL)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering for sale 6,000,000 depositary shares each representing a 1/10 fractional interest in a Series N cumulative redeemable preferred share, liquidation preference $250.00 per share (equivalent to $25.00 per depositary share) that we have deposited with EquiServe Trust Company, N.A. as depositary. We will receive all of the net proceeds from the sale of the depository shares. As a holder of a depositary share, you will be entitled to proportional rights and preferences as if you held 1/10 of a Series N preferred share.

Distributions on the Series N preferred shares represented by the depositary shares will be cumulative from the date of original issue and will be payable quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing October 15, 2003, at the rate of 6.48% of the $250.00 liquidation preference per year, or $16.20 per Series N preferred share (equivalent to $1.62 per year per depositary share).

The Series N preferred shares represented by the depositary shares are not redeemable until June 19, 2008, except to preserve our status as a real estate investment trust. On or after June 19, 2008, we may redeem the shares at a redemption price of $250.00 per Series N preferred share (equivalent to $25.00 per depositary share), plus any accrued and unpaid distributions to, and including, the date of redemption. The Series N preferred shares and the depositary shares have no maturity date and will remain outstanding indefinitely unless redeemed.

Full Prospectus PDF », EQR Page »

Series:N
Alternate symbology:EQR-N.CL, EQR-PN.CL, EQRprN.CL
Redeemable?:Yes
Call Date:6/19/2008 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:6,000,000
Liquidation Preference:$25
Original Coupon:6.48%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn EQR.PRN.CL's Rating
Equity Residential is a real estate investment trust. Co. is focused on the acquisition, development and management of residential properties. Co. is the general partner of and owns an ownership interest in its subsidiary, ERP Operating Limited Partnership (ERPOP). All of Co.'s property ownership, development and related business operations are conducted through ERPOP and those entities/subsidiaries owned or controlled by ERPOP (collectively, Operating Partnership) and it has no material assets or liabilities other than its investment in ERPOP. The Operating Partnership holds substantially all of the assets of Co., including its ownership interests in its joint ventures.

Preferred: EQR.PRN


Open the EQR Information Page »
Name:  Equity Residential
Website:  www.equityapartments.com
Sector:  REITs
Number of ETFs Holding EQR:  106 (see which ones)
Total Market Value Held by ETFs:  $4,719,717,428.34
Total Market Capitalization:  $23,946,000,000
% of Market Cap. Held by ETFs:  19.71%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Equity Residential | 6.48% Series N Cumulative Redeemable Preferred Share (EQR.PRN.CL) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, 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.