CAI International 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock
By: Tim McPartland,
Date Issued 8/6/2018
Shares Issued 1,700,000 Overallotment 255,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol CAI-B OTC Grey Market CAIIP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of January, April, July and October beginning on 10/15/2018
Quarterly Dividend .531 Annual Dividend 2.125
Securities may be redeemed, at the issuers option, as early as 08/30/2023 for a redemption price of $25/share plus accrued dividends
On August 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 5.687%.
Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for CAI International
Click Here to find the offering Prospectus and Final Pricing Document
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