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CAI International 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock

By: ,

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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