Preferred Stock Channel
Cousins Properties Inc | 7 1/2% Series B Cumulative Redeemable Preferred Stock (CUZ.PRB)

This preferred is marked as having been called.
Prospectus excerpt:  Cousins Properties Incorporated is offering to the public its 7 1/2% Series B Cumulative Redeemable Preferred Stock, $1.00 par value per share, which we refer to in this prospectus supplement as the Series B preferred stock, on terms summarized as follows: We will pay cumulative dividends on the Series B preferred stock, from the date of original issuance, in arrears, at the rate of 7 1/2% per year of the $25.00 liquidation preference per share, payable on February 15, May 15, August 15 and November 15 of each year when and as declared by the board of directors, beginning on February 15, 2005. This is equivalent to a fixed annual amount of $1.875 per share. We cannot redeem the Series B preferred stock before December 17, 2009, except in certain circumstances in order to ensure that we remain qualified as a real estate investment trust, or REIT, for U.S. federal income tax purposes. On and after December 17, 2009, we may, at our option, redeem the Series B preferred stock for cash at a redemption price of $25.00 per share, plus all accrued and unpaid dividends to the date of the redemption. The Series B preferred stock has no stated maturity and will not be subject to any sinking fund or mandatory redemption and will not be convertible into or exchangeable for any other shares of our stock or any other property or securities. Holders of the Series B preferred stock will generally have no voting rights, except if we fail to pay dividends on any Series B preferred stock for six or more quarterly periods.

Full Prospectus PDF », CUZ Page »

Series:B
Alternate symbology:CUZ-B, CUZ-PB, CUZprB
Redeemable?:Yes
Call Date:12/17/2009 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Liquidation Preference:$25
Original Coupon:7.50%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn CUZ.PRB's Rating
Cousins Properties is a real estate investment trust. Co. conducts substantially all of its business through its subsidiary, Cousins Properties LP (CPLP). CPLP also owns Cousins TRS Services LLC, which owns and manages its own real estate portfolio and performs certain real estate related services for other parties. Co.'s segments are based on the property type and geographical area. The segments by property type are: Office and Mixed-Use. The segments by geographical region are: tlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and Other.

Preferreds: CUZ.PRA, CUZ.PRB


Open the CUZ Information Page »
Name:  Cousins Properties Inc
Website:  www.cousins.com
Sector:  REITs
Number of ETFs Holding CUZ:  71 (see which ones)
Total Market Value Held by ETFs:  $932,147,661.48
Total Market Capitalization:  $4,584,000,000
% of Market Cap. Held by ETFs:  20.33%

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