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

By: ,

Date Issued   3/22/2018

Shares Issued   1,600,000   Overallotment  240,000

S&P Rating   NR   Moodys Rating   NR

----ADVERTISEMENT----

Security Ticker Symbol   CAI-A   OTC Grey Market   CNNLP

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of January, April, July and October beginning on 7/15/2018

Quarterly Dividend   .531   Annual Dividend   2.125

Securities may be redeemed, at the issuers option, as early as 03/30/2023 for a redemption price of $25/share plus accrued dividends

----ADVERTISEMENT----

On April 15, 2023 the coupon will float at a rate of 3 month Libor and a spread of 5.82%.

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

X
Search Dividend Investor