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Published on 4/1/2020 in the Prospect News Preferred Stock Daily.

Preferred Stock Calendar

On The Horizon

AYTU BIOSCIENCE, INC.:

• $17.50-par series I cumulative redeemable preferred stock

• H.C. Wainwright & Co., LLC (book runner)

• Proceeds for working capital and other general corporate purposes

• Englewood, Colo.-based specialty pharmaceutical company

GLADSTONE LAND CORP.:

• $13 million best-efforts offering of $25-par 6% series C cumulative redeemable preferred stock

• Gladstone Securities, LLC (dealer-manager)

• $10 million designated as the primary offering at $25.00 per share and up to $3 million as a dividend reinvestment plan at $22.75 per share.

• McLean, Va.-based real estate investment trust

GLADSTONE COMMERCIAL CORP.:

• $636.5 million best-efforts offering of $25-par 6% series F cumulative redeemable preferred stock

• Gladstone Securities, LLC (dealer-manager)

• $500 million designated as the primary offering at $25.00 per share and up to $136.5 million as a dividend reinvestment plan at $22.75 per share.

• McLean, Va.-based real estate investment trust

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

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


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