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Chatham Lodging Trust | 6.625% Series A Cumulative Redeemable Preferred Shares (CLDT.PRA)
Prospectus excerpt: We are offering 4,800,000 of our 6.625% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (the “Series A Preferred Shares”). Distributions on the Series A Preferred Shares will be payable quarterly in arrears on the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). The distribution rate is 6.625% per annum of the $25.00 liquidation preference, which is equivalent to $1.65625 per annum per Series A Preferred Share. The first distribution on the Series A Preferred Shares sold in this offering will be paid on October 15, 2021 (long first dividend period) and will be in the amount of $0.48307 per share. Full Prospectus PDF », Secondary Prospectus PDF », CLDT Page »
Series: | A | Alternate symbology: | CLDT-A, CLDT-PA, CLDTprA | Redeemable?: | Yes | Call Date: | 6/30/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4,800,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $20.58 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-4.42 (-17.68%) | Annualized Dividend: | 1.65624 | Recent Ex-Date: | 3/27/2024 | Current Yield: | 8.05% | Original Coupon: | 6.625% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
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Chatham Lodging Trust is a real estate investment trust (REIT). All of Co.'s assets are held by, and all operations are conducted via its operating partnership, Chatham Lodging, L.P., which leases Co.'s wholly owned hotels to taxable REIT subsidiary lessees. Co.'s wholly owned hotels include hotels that operate under the Residence Inn by Marriott® brand and Homewood Suites by Hilton® brand, as well as hotels that operate under the Courtyard by Marriott® brand, the Hampton Inn or Hampton Inn and Suites by Hilton® brand, the Hilton Garden Inn by Hilton® brand, the SpringHill Suites by Marriott® brand, the Hyatt Place® brand and all suite hotels that operate under the Embassy Suites brand®. Preferred: CLDT.PRA Open the CLDT Information Page »
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Name: |
Chatham Lodging Trust |
Website: |
www.chathamlodgingtrust.com |
Sector: |
REITs |
Number of ETFs Holding CLDT: |
44 (see which ones) |
Total Market Value Held by ETFs: |
$109,184,919.19 |
Total Market Capitalization: |
$448,000,000 |
% of Market Cap. Held by ETFs: |
24.37% |
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