Preferred Stock Channel
Washington Prime Group Inc (New) | 7.5% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest (WPG.PRH)

Prospectus excerpt:  We are offering 3,600,000 shares of our 7.5% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share, which we refer to as the ˘Series H Preferred Shares÷. Cumulative distributions on the Series H Preferred Shares will be payable quarterly on or about the 15th day of January, April, July and October of each year, beginning on October 15, 2012. The distribution rate on the Series H Preferred Shares is 7.5% per annum of the $25.00 per share liquidation preference, which is equivalent to $1.875 per share per annum. Except as set forth below and as necessary to preserve our status as a real estate investment trust, or ˘REIT÷, for Federal income tax purposes, we may not redeem the Series H Preferred Shares prior to August 10, 2017. On and after August 10, 2017, we may, at our option, redeem the Series H Preferred Shares, in whole or from time to time in part, by paying $25.00 per share, plus any accrued and unpaid distributions to, but not including, the date of redemption.

Full Prospectus PDF », WPG Page »

Alternate symbology:WPG-H, WPG-PH, WPGprH
Call Date:8/10/2017 (Now Trading Post Call Date)
Shares Offered:3,600,000
Liquidation Preference:$25
Recent Market Price:$17.30
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-7.70 (-30.80%)
Annualized Dividend:1.8752
Recent Ex-Date:12/24/2020
Current Yield:4.34%
Original Coupon:7.50%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
Washington Prime Group operates as a self-administered and self-managed real estate investment trust. Washington Prime Group, L.P. (WPG L.P.) is Co.'s majority-owned limited partnership subsidiary that owns, develops, and manages, through its affiliates, all of Co.'s real estate properties and other assets. Co. is the sole general partner of WPG L.P. Co. owns, develops and manages enclosed retail properties and open air properties. Co.'s assets consist of material interests in shopping centers in the United States.

Preferreds: WPG.PRH, WPG.PRI

Open the WPG Information Page »
Name:  Washington Prime Group Inc (New)
Sector:  REITs
Number of ETFs Holding WPG:  17 (see which ones)
Total Market Value Held by ETFs:  $31,735,551
Total Market Capitalization:  $228,000,000
% of Market Cap. Held by ETFs:  13.92%

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