Preferred Stock Calendar

On The Horizon

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.-baed 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

INVESTVIEW, INC.:

• $50 million $25-par 13% cumulative perpetual preferred stock

• Capital Engine (bookrunner)

• Redeemable after three years

• Aiken, S.C.-based investor education company

ORIGINCLEAR INC.:

• $19,145,000 $25-par series M preferred stock

• Dalmore Group, LLC (broker-dealer)

• Proceeds for general corporate purposes including working capital

• Los Angeles-based water treatment company

AYTU BIOSCIENCE, INC.:

• $17.50-par series I cumulative redeemable preferred stock

• H.C. Wainwright & Co., LLC (bookrunner)

• Proceeds for working capital and other general corporate purposes

• Englewood, Colo.-based specialty pharmaceutical company

© 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.