Air Lease Corporation 6.15% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A

By: ,

Date Issued   2/26/2019

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Shares Issued   10,000,000   Overallotment Shares  0

S&P Rating  BB+     Moodys   NR

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Security Ticker Symbol   AL-A   OTC Grey Market   ALSCP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning 6/15/2019

Quarterly Dividends   .384   Annual Dividends  1.538

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Securities may be redeemed, at the issuers option, as early as 03/15/2024 for a redemption price of $25/share plus accrued dividends

Dividend Payments Will be Qualified Distributions.

Maturity Date   None

 

Click Here for the offering Prospectus and or final pricing documents

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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