Farmland Partners Series B 6% Participating Preferred Stock
By: Tim McPartland,
Date Issued 8/10/2017
Shares Issued 5,250,000 Overallotment Shares 787,500
S&P Rating NR Moodys Rating NR
Security Ticker Symbol FPI-B OTC Grey Market Ticker FPRRP
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 9/30/2017.
Quarterly Dividend .375 Annual Dividend 1.50
In addition to the 6% coupon these shares participate in farmland value increases – please see prospectus for details.
Securities may be redeemed, at the issuers option, as early as 09/30/2021 the call price is $25 plus accrued dividends
A penalty coupon of 10% will start 9/30/2024 if not redeemed by that time.
Dividend Payment NOT will be Qualified Distributions (Preferred stock distributions from REITS are not qualified distributions.
Maturity Date None