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Equity Lifestyle Properties Inc | 6.75% Series C Shares (ELS.PRC)
Prospectus excerpt: Except as set forth below in Ù?Special Optional Redemption Right,ˆ the Series C Shares (and, therefore, the Depositary Shares) shall not be redeemable by us prior to September 7, 2017 (a no-call period of approximately five years). On or after September 7, 2017 we, at our option, may redeem Series C Shares, in whole or from time to time in part, at a redemption price, or the Redemption Price, payable in cash, equal to $2,500.00 per Series C Share (or $25.00 per Depositary Share) plus accumulated and unpaid distributions, whether or not declared, to, but not including, the date of redemption, or the Redemption Right. Each date fixed for redemption pursuant to this paragraph is called a Redemption Date. In the event of a redemption of Series C Shares (and, therefore, the Depositary Shares), if the Redemption Date occurs after a Distribution Record Date and on or prior to the related Preferred Stock Distribution Payment Date, the distribution payable on such Preferred Stock Distribution Payment Date in respect of such shares of stock called for redemption shall be payable on such Distribution Payment Date to the holders of record at the close of business on such Distribution Record Date and shall not be payable as part of the Redemption Price for such shares. Full Prospectus PDF », Secondary Prospectus PDF », ELS Page »
Series: | C | Alternate symbology: | ELS-C, ELS-PC, ELSprC | Redeemable?: | Yes | Call Date: | 9/7/2017 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 10,000,000 | Liquidation Preference: | $25.00 | Original Coupon: | 6.75% | Pay Period: | Quarterly | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | CDx3 Compliance Rating: |
Learn ELS.PRC's Rating
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Equity Lifestyle Properties is an integrated owner of lifestyle-oriented properties (Properties) consisting of property operations and home sales and rental operations primarily within manufactured home (MH) and recreational vehicle (RV) communities and marinas. Co. has a business model where it owns the land which it leases to customers who own MH and cottages, RVs and/or boats either on a long-term or short-term basis. Co.'s customers may lease individual developed areas or enter into right-to-use contracts, also known as membership subscriptions, which provide them access to specific Properties for limited stays. Co. also has marinas that provide boat slip and dry storage rentals. Preferreds: ELS.PRA, ELS.PRC Open the ELS Information Page »
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Name: |
Equity Lifestyle Properties Inc |
Website: |
www.equitylifestyleproperties.com |
Sector: |
REITs |
Number of ETFs Holding ELS: |
80 (see which ones) |
Total Market Value Held by ETFs: |
$2,342,534,859 |
Total Market Capitalization: |
$11,749,000,000 |
% of Market Cap. Held by ETFs: |
19.94% |
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