Preferred Stock Channel
Alta Equipment Group Inc | Depositary Shares Series A Cumulative Preferred Stock (ALTG.PRA)

Prospectus excerpt:  Alta Equipment Group Inc. is offering 1,190,000 depositary shares, each representing a 1/1000th fractional interest in a share of 10% Series A Cumulative Perpetual Preferred Stock (the “Series A Preferred Stock”), which we refer to in this prospectus as the depositary shares. 1,190 shares of Series A Preferred Stock underlying the depositary shares will be deposited with Continental Stock Transfer & Trust Company, as depositary. As a holder of the depositary shares, you will be entitled to all proportional rights, preferences and privileges of the Series A Preferred Stock represented thereby, including dividend, voting, redemption and liquidation rights and preferences. The proportionate liquidation preference of each depositary share is $25.00. We will pay cumulative distributions on the Series A Preferred Stock underlying the depositary shares, from, and including, the date of original issuance, in the amount of $2.50 per depositary share each year, which is equivalent to 10% of the $25.00 liquidation preference per depositary share. Dividends on the Series A Preferred Stock will be payable quarterly in arrears, on or about the last day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). The first dividend on the depositary shares sold in this offering will be paid on or about April 30, 2021.

Full Prospectus PDF », Secondary Prospectus PDF », ALTG Page »

Series:A
Alternate symbology:ALTG-A, ALTG-PA, ALTGprA
Redeemable?:Yes
Call Date:12/22/2025
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:1,190,000
Overallotment:10,000
Liquidation Preference:$25.00
Recent Market Price:$25.76
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.76 (3.04%)
Annualized Dividend:2.5
Recent Ex-Date:4/12/2024
Current Yield:9.70%
Original Coupon:10.00%
Pay Period:Quarterly
Pay Dates:31-Jan, 30-Apr, 31-Jul, 31-Oct
CDx3 Compliance Rating: Learn ALTG.PRA's Rating
Alta Equipment Group is a holding company. Through its subsidiaries, Co. owns and operates an equipment dealership platform in the U.S. Co. engages in several business activities, including: new equipment sales, which sell new material handling and construction equipment; used equipment sales, which sell used equipment, primarily from equipment trade-ins from Co.'s new and returning customers; parts sales, in which Co. is a distributor of original equipment manufacturer parts in substantially all of its territories; and repair and maintenance services, which provide maintenance and repair services for Co.'s customers' equipment and maintain its own rental fleet.

Preferred: ALTG.PRA


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Name:  Alta Equipment Group Inc
Website:  www.altaequipment.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding ALTG:  21 (see which ones)
Total Market Value Held by ETFs:  $35,800,491
Total Market Capitalization:  $380,000,000
% of Market Cap. Held by ETFs:  9.42%

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