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Global Net Lease Inc | 7.25% Series A Cumulative Redeemable Preferred Stock (GNL.PRA)
Prospectus excerpt: We are offering 4,000,000 shares of our 7.25% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the ÙSeries A Preferred Stockˆ). Holders of Series A Preferred Stock will be entitled to cumulative dividends in the amount of $1.8125 per share each year, which is equivalent to the rate of 7.25% of the $25.00 liquidation preference per share per annum. Dividends on the Series A Preferred Stock will be payable quarterly in arrears on the 15th day of each of January, April, July and October of each year (or, if not a business day, the next succeeding business day) to holders of record on the applicable record date. The first quarterly dividend payment date for the Series A Preferred Stock will be October 15, 2017 and will represent an accrual for less than a full quarter, covering the period from September 12, 2017 to September 30, 2017. The Series A Preferred Stock has no stated maturity and will remain outstanding indefinitely unless redeemed or otherwise repurchased. Full Prospectus PDF », Secondary Prospectus PDF », GNL Page »
Series: | A | Alternate symbology: | GNL-A, GNL-PA, GNLprA | Redeemable?: | Yes | Call Date: | 9/12/2022 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 4,000,000 | Overallotment: | 600,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $19.56 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-5.44 (-21.76%) | Annualized Dividend: | 1.8125 | Recent Ex-Date: | 4/4/2024 | Current Yield: | 9.27% | Original Coupon: | 7.25% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
Learn GNL.PRA's Rating
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Global Net Lease is an externally managed real estate investment trust. Co. focuses on acquiring and managing a globally portfolio of commercial real estate properties. Co. invests in commercial properties, with an emphasis on sale-leaseback transactions and mission-critical, single tenant net-lease assets. Substantially all of Co.'s business is conducted through its subsidiary, Global Net Lease Operating Partnership, L.P., and its wholly-owned subsidiaries. Preferreds: GNL.PRA, GNL.PRD, GNL.PRB, GNL.PRE Open the GNL Information Page »
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Name: |
Global Net Lease Inc |
Website: |
www.globalnetlease.com |
Sector: |
REITs |
Number of ETFs Holding GNL: |
42 (see which ones) |
Total Market Value Held by ETFs: |
$366,989,942.77 |
Total Market Capitalization: |
$1,603,000,000 |
% of Market Cap. Held by ETFs: |
22.89% |
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