Prospectus excerpt:  ProLogis Inc., 8.54% Series Q Cumulative Redeemable Preferred Stock, formerly the ProLogis Trust 8.54% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $50 per share, redeemable at the issuer's option on or after 11/13/2026 at $50.00 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.54% ($4.27) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the boarddate (NOTE: the ex-dividend date is one business day prior to the record date).Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.