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
Company Investor Relations Page for Farmland Partners
Click here to find the offering Prospectus and Final Pricing Document
