Preferred Stock Channel
Pennsylvania Real Estate Investment Trust | 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (PEI.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  We are selling 4,000,000 of our 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares, which we refer to in this prospectus supplement as the Series A Preferred Shares. The Series A Preferred Shares will not be redeemable before April 20, 2017, except under circumstances intended to preserve our status as a real estate investment trust, or REIT, for federal and/or state income tax purposes and except as described below upon the occurrence of a Change of Control (as defined in this prospectus supplement). On and after April 20, 2017, we may, at our option, redeem any or all of the Series A Preferred Shares for cash at $25.00 per share plus, subject to exceptions, any accrued and unpaid dividends to but excluding the date fixed for redemption. In addition, upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the Series A Preferred Shares for cash within 120 days after the first date on which such Change of Control occurred at $25.00 per share plus, subject to certain exceptions, any accrued and unpaid dividends to but excluding the date fixed for redemption. The Series A Preferred Shares 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 or they become convertible and are converted as described in this prospectus supplement.

Full Prospectus PDF », PEI Page »

Series:A
Alternate symbology:PEI-A, PEI-PA, PEIprA
Redeemable?:Yes
Call Date:4/20/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:4,000,000
Overallotment:600,000
Liquidation Preference:$25
Original Coupon:8.25%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
Pennsylvania Real Estate Investment Trust is a real estate investment trust, which has a focus on retail shopping malls located in the eastern half of the U. S., primarily in the Mid-Atlantic region. Co. is engaged in the ownership, management, leasing, acquisition, redevelopment, and disposition of shopping malls. In general, Co.'s malls include tenants that are national or regional department stores, large format retailers or other anchors and a mix of national, regional and local in-line stores providing apparel (women's, family, teen, children's, men's), shoes, eyewear, cards and gifts, jewelry, sporting goods, home furnishings and personal care items, among other things.

Preferreds: PEI.PRA, PEI.PRB, PEI.PRC, PEI.PRD


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Name:  Pennsylvania Real Estate Investment Trust
Website:  www.preit.com
Sector:  REITs
Number of ETFs Holding PEI:  35 (see which ones)
Total Market Value Held by ETFs:  $88,574,842
Total Market Capitalization:  $406,000,000
% of Market Cap. Held by ETFs:  21.82%

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