Prospectus excerpt: We will pay monthly cumulative dividends, in arrears, on the Class F preferred stock from the date of original issuance. The Class F preferred stock will not be redeemable before February 15, 2017, except under circumstances intended to preserve our status as a real estate investment trust for federal and/or state income tax purposes and except as described below upon the occurrence of a Change of Control (as defined). Beginning February 15, 2017, we may, at our option, redeem any or all of the shares of the Class F preferred stock at $25.00 per share plus any accrued and unpaid dividends. In addition, upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Class F preferred stock, within 120 days after the first date on which such Change of Control occurred, at $25.00 per share plus any accrued and unpaid dividends. The shares of Class F preferred stock have no stated maturity, are not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless we redeem or otherwise repurchase them.
Upon the occurrence of a Change of Control, each holder of Class F preferred stock will have the right (unless, prior to the Change of Control Conversion Date (as defined), we have provided or provide notice of our election to redeem some or all of the shares of Class F preferred stock held by such holder as described in this prospectus supplement, in which case such holder will have the right only with respect to shares of Class F preferred stock that are not called for redemption) to convert some or all of the Class F preferred stock held by such holder into shares of our common stock on the Change of Control Conversion Date, all on the terms and subject to the conditions described in this prospectus supplement, and subject to a Share Cap (as defined) and to provisions for the receipt, under specified circumstances, of alternative consideration as described in this prospectus supplement.