Urstadt Biddle Properties Inc. 6.75% Series G Cumulative Redeemable Preferred Stock

By: ,

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


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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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