Preferred Stock Calendar: Plymouth Industrial REIT on tap

On The Horizon

PLYMOUTH INDUSTRIAL REIT, INC.

• $45 million of $25-par cumulative redeemable preferred stock

• $6.75 million greenshoe

• D.A. Davidson & Co. (bookrunner); BB&T Capital Markets, Ladenburg Thalmann, National Securities Corp. and Wedbush Securities (co-managers)

• Redeemable after Dec. 31, 2022 at par plus accrued dividends

• Proceeds for repurchase of 263,158 common shares issued to Torchlight Investors, LLC, DOF IV REIT Holdings, LLC and DOF IV Plymouth PM, LLC at the closing of the company’s IPO, for future acquisitions of industrial properties and for general corporate purposes

• Expected to be listed on NYSE under ticker “PLYMPrA.”

• Boston-based real estate investment trust

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.