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Quotes delayed 20 minutes
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Strong Buy (4.00 out of 4)
96th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, January 25, 5:15 PM
Slide #284. Colony Capital, Inc. — Preferred Stock Offering
| Company: |
Colony Capital, Inc. (NYSE:CLNY) |
| Date announced: |
4/7/2015 |
| Shares Offered: |
10,000,000 |
| Date of Pricing: |
4/8/2015 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Colony Capital, Inc. (the "Company") (NYSE:CLNY) today announced it has commenced an underwritten public offering of its shares of Series C Cumulative Redeemable Perpetual Preferred Stock. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays, J.P. Morgan, Morgan Stanley, RBC Capital Markets and UBS Investment Bank are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, a Stifel Company, is acting as co-manager. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series C Preferred Stock initially sold to the public to cover overallotments. The Company intends to file an application to list the Series C Preferred Stock on the New York Stock Exchange. - updated 4/8 - Colony Capital, Inc. (the "Company") (NYSE:CLNY) today announced it has priced 10,000,000 shares of 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock ("Series C Preferred Stock") with a liquidation preference of $25.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase an additional 1,500,000 shares of the 7.125% Series C Preferred Stock on the same terms and conditions solely to cover over-allotments, if any. The offering is expected to close on or about April 13, 2015, subject to customary closing conditions. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays, J.P. Morgan, Morgan Stanley, RBC Capital Markets and UBS Investment Bank are acting as joint book-running managers for the offering. Keefe, Bruyette & Woods, a Stifel Company, is acting as co-manager. |
Colony Capital is a holding company. Through its subsidiaries, Co. is an investment firm which is a real estate provider and funding source for the occupancy, infrastructure, equity and credit needs of mobile communications and data-driven companies. Co. conducts its operations as a real estate investment trust (REIT). Co. owns, manages, and/or operates across various infrastructure components of the digital ecosystem including data centers, cell towers, fiber networks and small cells. Co.'s segments include digital real estate and investment management, healthcare, hospitality, Colony Credit Real Estate, Inc., other equity and debt, and other investment management. Preferreds: CLNY.PRB, CLNY.PRA, CLNY.PRF, CLNY.PRC, CLNY.PRD, CLNY.PRE, CLNY.PRG, CLNY.PRH, CLNY.PRI, CLNY.PRJ
 Open the CLNY Page at Preferred Stock Channel »
| Name: |
Colony Capital Inc (New) |
| Website: |
www.clns.com |
| Sector: |
REITs |
| Number of ETFs Holding CLNY: |
33 (see which ones) |
| Total Market Value Held by ETFs: |
$379,262,451 |
| Total Market Capitalization: |
$2,288,000,000 |
| % of Market Cap. Held by ETFs: |
16.58% |
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Open the CLNY Page at Preferred Stock Channel (in a new window) »
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