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LuxUrban Hotels Inc | 13% Series A Cumulative Redeemable Preferred Stock (LUXHP)
Prospectus excerpt: We are offering 280,000 shares of our 13.00% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) pursuant to this prospectus supplement and the accompanying prospectus. When, as, and if authorized by our board of directors and declared by us, dividends on the Series A Preferred Stock will be payable monthly in arrears on the last day of each calendar month (provided that if any dividend payment date is not a business day, then the dividend that would otherwise have been payable on that dividend payment date may be paid on the next succeeding business day without adjustment in the amount of the dividend) at a rate per annum equal to 13.00% per annum of the $25.00 liquidation preference (the “Initial Rate”). Dividends on the shares of the Series A Preferred Stock are cumulative. The first dividend on the Series A Preferred Stock sold in this offering will be paid on November 30, 2023, will cover the period from and including October 26, 2023 to, but not including, November 30, 2023, and will be in the amount of $0.315972 per share. Full Prospectus PDF », Secondary Prospectus PDF », LUXH Page »
Series: | A | Redeemable?: | Yes | Call Date: | 10/26/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 280,000 | Overallotment: | 42,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $20.17 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-4.83 (-19.32%) | Annualized Dividend: | 3.249999 | Recent Ex-Date: | 4/12/2024 | Current Yield: | 16.11% | Original Coupon: | 13.00% | Pay Period: | Monthly | CDx3 Compliance Rating: |
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LuxUrban Hotels utilize an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. Co. manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles. Co. has various hotel rooms available for rent. Co. utilizes proprietary technology to identify, lease, manage, and market globally the hotel space it leases to business and vacation travelers through its online portal and third-party sales and distribution channels. Preferred: LUXHP Open the LUXH Information Page »
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Name: |
LuxUrban Hotels Inc |
Website: |
www.luxurbanhotels.com |
Sector: |
Real Estate |
Number of ETFs Holding LUXH: |
3 (see which ones) |
Total Market Value Held by ETFs: |
$274,812 |
Total Market Capitalization: |
$24,000,000 |
% of Market Cap. Held by ETFs: |
1.15% |
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