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Preferred Stock Calendar
Feb. 22
1347 PROPERTY INSURANCE HOLDINGS INC.
$20 million, or 800,000 shares, of $25-par series A perpetual cumulative preferred stock
Dividend of 8% and an issue price of $25.00 per share
Dividends are payable quarterly
Non-callable until 2023
Proceeds for the repurchase of $1.5 million the companys series B preferred stock, for future potential acquisitions and for general corporate purposes
Tampa, Fla.-based insurance holding company specializing in personal property insurance in coastal regions in Florida, Texas and Louisiana
On The Horizon
GLOBAL NET LEASE, INC.:
Reopening of $25-par 7.25% series A cumulative redeemable perpetual preferred stock
Dividends are payable quarterly
Via BMO Capital Markets as bookrunner
Non-callable until Sept. 12, 2022
Proceeds to acquire additional properties and for general corporate purposes
Listed on the New York Stock Exchange under the symbol GNLPrA.
New York-based real estate investment trust
PRIORITY INCOME FUND, INC.:
$25-par non-callable term preferred stock
Dividends are payable quarterly
Proceeds for investments and general working capital purposes
New York-based registered closed-end fund that is designed to provide investors with current income and portfolio diversification
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