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Preferred Stock Calendar
On The Horizon
HEALTHCARE TRUST, INC.:
• Up to $15 million more of its series A cumulative redeemable perpetual preferred stock at 7.375%
• B. Riley Principal Capital, Inc. (bookrunner)
• Redeemable on or after Dec. 11, 2024 at par. Prior to that, after a delisting event at par or within 120 days after a change of control at par
• New York-based real estate investment trust
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
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
LANCASHIRE HOLDINGS LTD.:
• Up to $450 million of fixed-rate reset junior subordinated notes due 2041
• Hamilton, Bermuda-based specialty insurance provider
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