Plymouth REIT 7.50% Series A Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 10/18/2017
Shares Issued 1,800,000 Overallotment Shares 270,000
S&P Rating NR Moodys NR
Security Ticker Symbol PLYM-A OTC Temp Ticker PYMHP
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2017
Quarterly Dividend .469 Annual Dividend 1.875
Securities may be redeemed, at the issuers option, as early as 12/31/2022 for a redemption price of $25/share plus accrued dividends.
NOTE–this issue has a penalty coupon which becomes effective 12/31/2024 if shares are not redeemed. After this date coupon moves up 1.5% per year to a maximum of 11.5% until redeemed.
Distribution Payment Will NOT be a Qualified Distributions
Maturity Date None