Mid-America Apartments 8 1/2% Cumulative, Redeemable Preferred Stock
By: Tim McPartland,
Previously Post Properties
$50/Share Issue
S&P Rating BB Moodys Rating Baa3
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Security Ticker Symbol PPS-A
Market Traded ON NYSE
Dividend Payment Paid on the last day of March, June, September and December beginning on 12/31/1996
Quarterly Dividend 1.063 Annual Dividend 4.250
Securities may be redeemed, at the issuers option, as early as 10/21/2026 the call price is $25 plus accrued dividends
Dividend Payment NOT will be Qualified Distributions (Preferred Stocks of REITs DO NOT pay Qualified Distributions)
Maturity Date None
Company Investor Relations Page for Post Properties
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
