Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock
By: Tim McPartland,
Date Issued 10/22/2014
Shares Issued 2,800,000 Overallotment Shares 200,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol UBP-G OTC Temp Ticker UTDBP
Market Traded ON NYSE
Dividend Payment Paid on the last day of January, April, July and October beginning on 01/31/2015
Quarterly Dividend .422 Annual Dividend 1.6875
Securities may be redeemed, at the issuers option, as early as 10/28/2019 the call price is $25 plus accrued dividends. Prior to this date the company may redeem the shares at a price equal to $25 plus accrued and unpaid dividends, plus a ‘make whole’ payment. The ‘make whole’ payment is the present value of all dividends payable through 10/28/2019 plus 50 basis points.
The issue is redeemable based upon a ‘change of control’. Within 120 days of such change in control shares may be redeemed at a price of $25 plus accrued and unpaid 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 Urstadt Biddle Properties
Below you can find the offering Prospectus and/or Final Pricing Document