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Parkway Inc | 8.00% Series D Cumulative Redeemable Preferred Stock (PKY.PRD)
Prospectus excerpt: We are offering 2,400,000 shares of our 8.00% Series D Cumulative Redeemable Preferred Stock, par value $0.001 per share. We will pay cumulative dividends on the Series D preferred stock from the date of original issuance at the rate of 8.00% per annum of the $25.00 liquidation preference per share equivalent to $2.00 per share per year. Dividends on the Series D preferred stock will be payable quarterly in arrears, beginning on July 15, 2003. The shares of Series D preferred stock have no stated maturity, will not be subject to any sinking fund or mandatory redemption and will not be convertible into any other securities. Holders of shares of Series D preferred stock will generally have no voting rights, but will have limited voting rights if we fail to pay dividends for three or more consecutive quarters or for six or more non-consecutive quarters and in certain other events. Full Prospectus PDF », Secondary Prospectus PDF », PKY Page »
Series: | D | Alternate symbology: | PKY-D, PKY-PD, PKYprD | Redeemable?: | Yes | Call Date: | 6/27/2008 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 2,400,000 | Liquidation Preference: | $25.00 | Original Coupon: | 8.00% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
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Parkway is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office assets focused on attractive Houston, Texas submarkets. Co.'s portfolio will consist of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston, providing geographic focus and operational scale and efficiencies. Preferred: PKY.PRD Open the PKY Information Page »
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