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Global Net Lease Inc | 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock (GNL.PRB)
Prospectus excerpt: We are offering 3,000,000 shares of our 6.875% Series B Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (the ìSeries B Preferred Stockî). olders of Series B Preferred Stock will be entitled to cumulative dividends in the amount of??$1.71875 per share each year, which is equivalent to the rate of 6.875% of the $25.00 liquidation preference per share per annum. Dividends on the Series B 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 for the Series B Preferred Stock sold in this offering will be paid on January 15, 2020 in an amount equal to $0.1671 per share, and will represent an accrual for less than a full quarter, covering the period from November 26, 2019 to December 31, 2019. The Series B Preferred Stock has no stated maturity and will remain outstanding indefinitely unless redeemed, converted or otherwise repurchased. Full Prospectus PDF », Secondary Prospectus PDF », GNL Page »
Series: | B | Alternate symbology: | GNL-B, GNL-PB, GNLprB | Redeemable?: | Yes | Call Date: | 11/26/2024 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 3,000,000 | Overallotment: | 450,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $18.56 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-6.44 (-25.76%) | Annualized Dividend: | 1.71875 | Recent Ex-Date: | 4/4/2024 | Current Yield: | 9.26% | Original Coupon: | 6.875% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
Learn GNL.PRB'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: |
$362,822,659.77 |
Total Market Capitalization: |
$1,582,000,000 |
% of Market Cap. Held by ETFs: |
22.93% |
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