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Hold (2.41 out of 4)
100th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 9:39 AM
Slide #238. IRET — Preferred Stock Offering
Company: |
IRET (NYSE:IRET) |
Date announced: |
9/26/2017 |
Shares Offered: |
4,000,000 |
Date of Pricing: |
9/26/2017 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
IRET (NYSE: IRET) (the "Company") today announced the pricing of an underwritten public offering of 4,000,000 of its 6.625% Series C Cumulative Redeemable Preferred Shares (Liquidation Preference $25.00 per Share), no par value per share (the "Series C Preferred Shares"), at a public offering price of $25.00 per share, for gross proceeds of approximately $100.0 million, before deducting the underwriting discount and other estimated offering-related costs. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 Series C Preferred Shares. |
Learn more about the IRET $20.40 ETF at ETF Channel. Preferreds: IRETP, IRET.PRB, IRET.PR, IRET.PRC
Open the IRET Page at Preferred Stock Channel »
Name: |
$20.40 |
Website: |
www.iret.com |
Sector: |
REITs |
Number of ETFs Holding IRET: |
1 (see which ones) |
Total Market Value Held by ETFs: |
$19,946,443 |
Total Market Capitalization: |
$945,000,000 |
% of Market Cap. Held by ETFs: |
2.11% |
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Open the IRET Page at Preferred Stock Channel (in a new window) »
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