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Quotes delayed 20 minutes
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Hold (2.00 out of 4)
8th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, January 18, 5:09 PM
Slide #223. Bluerock Residential Growth REIT, Inc. — Preferred Stock Offering
| Company: |
Bluerock Residential Growth REIT, Inc. (AMEX:BRG) |
| Date announced: |
7/12/2016 |
| Shares Offered: |
2,000,000 |
| Date of Pricing: |
7/12/2016 |
| Price Per Share: |
$24.00 |
| Preferred Stock Offering Details: |
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company") announced today the pricing of its public offering of 2,000,000 shares of its 7.625% Series C Cumulative Redeemable Preferred Stock, liquidation preference of $25.00 per share (the "Series C Preferred Stock"), for total net proceeds of approximately $48.0 million after deducting underwriting discounts, commissions, and estimated offering expenses payable by the Company. The Company has granted the underwriters a 30-day option to purchase up to 300,000 additional shares to cover overallotments, if any. The offering is expected to close on July 19, 2016, subject to the satisfaction of customary closing conditions. |
Bluerock Residential Growth REIT is a real estate investment trust. Co. owns interests in real estate properties, consisting of consolidated operating properties and held through preferred equity and mezzanine loan investments. Preferreds: BRG.PRA, BRG.PRD, BRG.PRC
 Open the BRG Page at Preferred Stock Channel »
| Name: |
Bluerock Residential Growth REIT Inc |
| Website: |
www.bluerockresidential.com |
| Sector: |
REITs |
| Number of ETFs Holding BRG: |
20 (see which ones) |
| Total Market Value Held by ETFs: |
$26,044,802 |
| Total Market Capitalization: |
$258,000,000 |
| % of Market Cap. Held by ETFs: |
10.09% |
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Open the BRG Page at Preferred Stock Channel (in a new window) »
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