Preferred Stock Channel
Prologis Inc | 6 3/4% Series M Cumulative Redeemable Preferred Stock (PLD.PRM)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 2,000,000 shares of our 6 3/4% Series M Cumulative Redeemable Preferred Stock, par value $0.01 per share. We will pay cumulative dividends on the series M preferred stock from November 25, 2003 at the rate of 6 3/4% per annum of the $25.00 liquidation preference per share, which is equivalent to $1.6875 per share per year. Dividends on the series M preferred stock will be payable quarterly in arrears, beginning on January 15, 2004. The shares of series M 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 M 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 events.

Except in limited circumstances to preserve our status as a real estate investment trust, we may not redeem the series M preferred stock until November 25, 2008. On or after November 25, 2008, we may, at our option, redeem the series M preferred stock, in whole or from time to time in part, for cash at a redemption price of $25.00 per share, plus all accumulated and unpaid dividends on such series M preferred stock to the redemption date. Any partial redemption will be on a pro rata basis, by lot or by any other equitable method that we determine.

Full Prospectus PDF », Secondary Prospectus PDF », PLD Page »

Series:M
Alternate symbology:PLD-M, PLD-PM, PLDprM
Redeemable?:Yes
Call Date:11/25/2008 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,000,000
Liquidation Preference:$25.00
Original Coupon:6.75%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn PLD.PRM's Rating
Prologis is a self-administered and self-managed real estate investment trust and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets. Co. invests in real estate through wholly owned subsidiaries and other entities through which it co-invests with partners and investors. Co. owns, manages and develops logistics facilities in various countries across several continents. Co.'s business includes two operating segments: Real Estate (Rental Operations and Development), which represents the ownership and development of operating properties; and Strategic Capital, which represents the management of unconsolidated co-investment ventures.

Preferreds: PLDGP, PLD.PRL, PLD.PRR, PLD.PRM, PLD.PRS, PLD.PRO, PLD.PRP


Open the PLD Information Page »
Name:  Prologis Inc
Website:  www.prologis.com
Sector:  REITs
Number of ETFs Holding PLD:  101 (see which ones)
Total Market Value Held by ETFs:  $19,362,274,937.96
Total Market Capitalization:  $119,180,000,000
% of Market Cap. Held by ETFs:  16.25%

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