Preferred Stock Calendar

On The Horizon

PRIORITY INCOME FUND, INC.:

• Series F term preferred stock due 2027

• Ladenburg Thalmann & Co. Inc. and Incapital LLC (bookrunners)

• Proceeds to acquire investments in accordance with its investment objectives and strategies and for general corporate purposes

• New York-based non-diversified closed-end management investment company

JPMORGAN CHASE & CO.:

• $1,000-par series II fixed-to-floating rate non-cumulative preferred stock

• J.P. Morgan Securities LLC (bookrunner)

• Proceeds for general corporate purposes

• New York-based financial services company

CLOUDCOMMERCE, INC.:

• Up to $20 million $25-par 10% series F preferred stock

• Dalmore Group, LLC (broker-dealer)

• Proceeds for general corporate purposes

• San Antonio-based digital advertising company

ORCHID ISLAND CAPITAL, INC.:

• $25-par series A cumulative redeemable preferred stock

• Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and MUFG (bookrunners)

• Proceeds for investing in a targeted mix of agency residential mortgage-backed securities and for general corporate purposes

• Vero Beach, Fla.-based specialty finance company investing in residential mortgage-backed securities

EWELLNESS HEALTHCARE CORP.:

• $50 million $25-par series B cumulative redeemable perpetual preferred stock at 13%

• Redeemable after three years

• Proceeds for funding dividends, repaying debt, working capital and general corporate purposes

• Culver City, Calif.-based tele-medicine company

GLADSTONE COMMERCIAL CORP.:

• Up to $100 million more of its $25-par 6.625% series E cumulative redeemable preferred stock

• Robert W. Baird & Co. Inc., Goldman Sachs & Co. LLC, Stifel, Nicolaus & Co., Inc., Fifth Third Securities, Inc. and U.S. Bancorp Investments, Inc. (sales agents)

• Proceeds to provide additional funds for general corporate purposes, which may include, without limitation, the repayment of outstanding debt, the acquisition of additional properties, capital expenditures and/or improvements to properties in its portfolio, distributions to stockholders and working capital

• McLean, Va.-based real estate investment trust

BLUEROCK RESIDENTIAL GROWTH REIT, INC.:

• Up to $800 million series T redeemable preferred stock at 6.15%

• Bluerock Capital Markets, LLC (dealer manager)

• Proceeds for future investments and acquisitions and for other general corporate and working capital purposes, which may include the funding of capital improvements at properties

• New York-based real estate investment trust

FAT BRANDS INC.:

• Up to $30 million of $25-par series B cumulative preferred stock with a dividend of 8.25%

• TriPoint Global Equities, LLC (bookrunner)

• Proceeds to refinance existing debt, as well as for general working capital and future acquisitions

• Beverly Hills, Calif.-based restaurant company

CIM COMMERCIAL TRUST CORP.:

• Up to $900 million $25-par series A preferred stock units with a dividend of 5.5%

• Includes one warrant to purchase common stock

• Redeemable after five years. In the two years after the redemption date, the preferreds are redeemable at $21.75. After two years to five years, they are redeemable at $22.50. After five years, they are redeemable at $25.00

• Dallas-based real estate investment trust specializing in office space

© 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.