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Published on 2/29/2024 in the Prospect News Preferred Stock Daily.

Preferred Stock Calendar

Current

ATHENE HOLDING LTD.:

• $25-par fixed-rate reset junior subordinated debentures

• Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC

Ongoing

CONIFER HOLDINGS, INC.:

• $25 million of 9.75% senior notes due Sept. 30, 2028

EAGLE POINT CREDIT CO. INC.:

• $20 million 6.5% series C $25-par term preferred stock due 2031 and $5 million of 6.75% series D $25-par preferred stock via at-the-market offering

• B. Riley Securities, Inc.

GLADSTONE INVESTMENT CORP.:

• $200 million of 6% $25-par notes due 2040 (ongoing through July 1, 2025)

• Gladstone Securities, LLC (dealer manager)

GLADSTONE CAPITAL CORP.:

• Up to $150 million in $25-par 6.25% series A cumulative redeemable preferred stock

GLADSTONE COMMERCIAL CORP.:

• Up to $500 million of series F cumulative redeemable preferred stock (best efforts)

• Gladstone Securities LLC (dealer manager)

GLADSTONE LAND CORP.:

• Maximum of 8 million $25-par shares of 5% series E cumulative redeemable preferred stock (best efforts, terminates December 2025)

• Gladstone Securities, LLC

PROSPECT CAPITAL CORP.:

• $1 billion continuous $25-par preferred stock (ongoing)

• Preferred Capital Securities, LLC (dealer manager)

XOMA CORP.:

• 2 million $25-par depositary shares, or $50 million, each representing a 1/1,000th interest in a share of 8.375% series B cumulative perpetual preferred stock (at the market, started Aug. 5, 2021)

• B. Riley Securities, Inc. (agent)

CREATIVE MEDIA & COMMUNITY TRUST CORP.:

• Up to $784 million $25-par series A preferred stock with a dividend of 5.5% (best efforts)

• CCO Capital, LLC (dealer manager)

FAT BRANDS INC.:

• Add-on to $25-par 8.25% series B cumulative preferred stock (started November 2022)

• ThinkEquity LLC (underwriter)

GLOBAL NET LEASE, INC.:

• Up to $170 million of $25-par shares of 6.875% series B cumulative redeemable perpetual preferred stock (at the market, started November 2022)

• BMO Capital Markets Corp., B. Riley Securities, Inc., Ladenburg Thalmann & Co. Inc., Barclays and KeyBanc Capital Markets Inc.

UMH PROPERTIES, INC.:

• Up to $100 million of additional $25-par 6.375% series D cumulative redeemable preferred stock (at the market, started January 2023)

• B. Riley Securities, Inc. (bookrunner)

BLUEROCK HOMES TRUST, INC.:

• $500 million offering of 6% $25-par series A redeemable preferred stock (best-efforts)

• Bluerock Capital Markets, LLC (dealer manager)

• Gladstone Securities, LLC (dealer manager)


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