Spirit Realty Capital 6.0% Series A Cumulative Redeemable Preferred Stock

By: ,

Date Issued 9/26/2017

Shares Issued  6,000,000   Over-allotment Shares  900,000

S&P Rating   BB   Moodys Rating   Ba1


Security Ticker Symbol   SRC-A    OTC Temporary Ticker   SPRYP

Market Traded ON   NYSE

Dividend Payment Paid on the last day of March, June, September and December beginning on 12/31/2017

Quarterly Dividend   .375   Annual Dividend   1.50

Securities may be redeemed, at the issuers option, as early as 10/3/2022  at a call price of $25 plus accrued dividends.

Dividend Payment Will NOT BE Qualified Distributions.  Preferred stock dividends of REITS are not eligible for the qualified tax rate.

Maturity Date   None


Company Investor Relations Page for Spirit Realty Capital


Click here to find the offering Prospectus and Final Pricing Document


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Tim McPartland
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.
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