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Preferred Stock Calendar
On The Horizon
GLADSTONE INVESTMENT CORP.:
Up to $350 million of $25-par notes due Nov. 1, 2040 at 6%
Gladstone Securities (bookrunner)
Redeemable by the holder at $22.50
McLean, Va.-based middle-market investment company
NUGENEREX IMMUNO-ONCOLOGY INC.:
$25-par series A cumulative redeemable perpetual preferred stock at 13%
Dawson James Securities, Inc. (bookrunner)
Redeemable after three years at par; prior to that, within 120 days after a change of control at par
Miramar, Fla.-based oncology company focused on the modulation of the immune system to treat cancer
GENEREX BIOTECHNOLOGY CORP.:
$33 million of 13% series A cumulative redeemable perpetual preferred stock at $33.00 per share
Dawson James Securities, Inc. (bookrunner)
Redeemable on or after Sept. 15, 2023 at par; prior to that, within 120 days after a change of control at par
Miramar, Fla.-based integrated health care holding company
OFS CAPITAL CORP.:
$25-par notes
Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and National Securities Corp (bookrunners)
Proceeds to fund investments in debt and equity securities in accordance with the companys investment objective and for other general corporate purposes
Chicago-based non-diversified management investment company
ONTRAK, INC.:
Up to $50 million more of its series A cumulative perpetual preferred stock at 9.5%
B. Riley Securities, Inc. (sales agent)
Redeemable on or after Aug. 21, 2025 at par; prior to that, within 90 days after a delisting event or within 120 days after a change of control at par
Santa Monica, Calif.-based medical technology company
QURATE RETAIL, INC.:
Series A cumulative redeemable preferred stock at 8%
Part of special cash dividend in the amount of $1.50 per common share and 0.03 of a share of new preferred stock
Redeemable after 10 years at par; prior to that, after a tax event, tier 2 capital event or if the company is required to register as an investment company at par
Tupelo, Miss.-based bank holding company
GLADSTONE INVESTMENT CORP.:
Downsized $200 million of 6% $25-par notes due 2040
Gladstone Securities, LLC (dealer manager)
Redeemable at the option of the company or the holders
McLean, Va.-based middle market investment company
GREAT AJAX CORP.:
$130 million of 7.25% series A and 5% series B preferred stock
125 million shares of common stock
Redeemable on or after July 6, 2023 at par; prior to that, after a change of control
Beaverton, Ore.-based real estate investment trust
REMARK HOLDINGS, INC.:
$15 million of $25-par 9.5% series A cumulative redeemable perpetual preferred stock
Roth Capital Partners, LLC and Benchmark Co., LLC (bookrunners)
Redeemable after three years; prior to that, within 120 days after a change of control
Las Vegas-based artificial intelligence solutions company
DYNEX CAPITAL, INC.:
Up to $50 million more of its 7.625% series B cumulative redeemable preferred stock and its 6.9% series C fixed-to-floating rate cumulative redeemable preferred stock
Ladenburg Thalmann & Co. Inc. and JonesTrading Institutional Services LLC (bookrunners)
Redeemable on or after April 15, 2025 at par; prior to that, within 120 days after a change of control
Glen Allen, Va.-based real estate investment trust specializing in mortgage-backed securities
PROSPECT CAPITAL CORP.:
$1 billion continuous $25-par preferred stock
Preferred Capital Securities, LLC (dealer manager)
Dividends payable monthly
New York-based middle market investment company
EAGLE POINT CREDIT CO. INC.:
Up to $25 million of 7.75% series B term preferred stock
B. Riley FBR, Inc. and National Securities Corp. (placement agents)
Required to be redeemed on Oct. 30, 2026 at par; prior to that, after Oct. 29, 2021
Greenwich, Conn.-based closed-end debt fund
GLADSTONE COMMERCIAL CORP.:
Up to $500 million of series F cumulative redeemable preferred stock
Gladstone Securities (dealer-manager)
Redeemable at $22.50 throughout the offering
McLean, Va.-based real estate investment trust
GREAT WESTERN BANCORP, INC.:
$50 million $1,000-par fixed-to-floating rate subordinated notes
Piper Sandler & Co. (bookrunner)
Redeemable after five years at par; prior to that, after a change in law that prevents the company from deducting interest, a tier 2 capital event or if the company is required to register as an investment company at par
Springfield. Mo.-based bank holding company
MODULAR MEDICAL, INC.:
Up to $50 million $25-par cumulative redeemable perpetual preferred stock at 13%
Common stock purchase warrants of $6 million shares at $11.00 per share
Redeemable after three years
Escondido, Calif.-based medication delivery technology company
MITESCO, INC.:
Up to $15 million 10% cumulative series A preferred stock
CIM Securities (lead placement agent)
Redeemable after three years
Denver-based holding company specializing in health care
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