Prospectus excerpt: We are offering 2,350,000 shares of our 8 7/8% Series A Cumulative Redeemable Preferred Stock.
Distributions on the Series A Preferred Stock will be cumulative from the date of original issue and payable quarterly, beginning on November 20, 2004, at the rate of 8 7/8% of the liquidation preference per annum, or $2.21875 per share of Series A Preferred Stock per annum.
Shares of the Series A Preferred Stock are not redeemable until July 28, 2009, after which we may redeem the shares at $25.00 each, plus any accrued and unpaid distributions to the date of redemption. The Series A Preferred Stock has no maturity date and will remain outstanding indefinitely unless redeemed.