Preferred Stock Channel
Washington Prime Group (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 »

Series:H
Alternate symbology:WPG-H, WPG-PH, WPGprH
Redeemable?:Yes
Call Date:8/10/2017 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,600,000
Overallotment:400,000
Liquidation Preference:$25
Recent Market Price:$7.43
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-17.57 (-70.28%)
Annualized Dividend:1.8752
Recent Ex-Date:6/26/2020
Current Yield:10.09%
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 (New)
Website:  www.washingtonprime.com
Sector:  REITs
Number of ETFs Holding WPG:  30 (see which ones)
Total Market Value Held by ETFs:  $29,643,981
Total Market Capitalization:  $138,000,000
% of Market Cap. Held by ETFs:  21.48%

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Washington Prime Group (New) | 7.5% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest (WPG.PRH) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2020, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.