Preferred Stock Channel
The Necessity Retail REIT Inc | 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (AFINP)

Prospectus excerpt:  Holders of Series A Preferred Stock will be entitled to cumulative dividends in the amount of? $1.875 per share each year, which is equivalent to the rate of 7.50% of the $25.00 liquidation preference per share per annum. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the 15th day of each of January, April, July and October of each year (or, if not a business day, the next succeeding business day) to holders of record on the applicable record date. The first quarterly dividend payment date for the Series A Preferred Stock will be July 15, 2019 and will represent an accrual for more than a full quarter, covering the period from March 26, 2019 to June 30, 2019.

Full Prospectus PDF », AFIN Page »

Series:A
Redeemable?:Yes
Call Date:3/26/2024 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,200,000
Liquidation Preference:$25
Original Coupon:7.50%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn AFINP's Rating
American Finance Trust is a real estate investment trust. Co. focuses on acquiring and managing a portfolio of retail and distribution related commercial real estate properties. Co. owns a portfolio of commercial properties comprised primarily of freestanding single-tenant properties that are net leased to investment grade and other creditworthy tenants and a portfolio of multi-tenant retail properties consisting primarily of power centers and lifestyle centers. Substantially all of Co.'s business is conducted through American Finance Operating Partnership, L.P., and its wholly-owned subsidiaries.

Preferred: AFINP


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Name:  The Necessity Retail REIT Inc
Website:  www.americanfinancetrust.com
Sector:  REITs

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