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DigitalBridge Group, Inc., 7.125% Series J Cumulative Redeemable Perp Prfd Stock
Ticker Symbol: DBRG-J CUSIP: 19626G504 Previous CUSIP: 19625W864 Exchange: NYSE
QUANTUMONLINE.COM SECURITY DESCRIPTION: DigitalBridge Group, Inc, formerly Colony Capital, Inc., formerly Colony NorthStar, 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/22/2022 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.125% per annum ($1.78125 per annum or $0.4453125 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DBRG)
Notes: June 30, 2020 -- the Company’s board of directors declared cash dividends with respect to each series of the Company’s cumulative redeemable perpetual preferred stock each in accordance with terms of such series as follows: with respect to each of the Series G stock - $0.46875 per share, Series H stock - $0.4453125 per share, Series I stock - $0.446875 per share and Series J stock - $0.4453125 per share. Such dividends will be paid on July 15, 2020 to the respective stockholders of record on July 10, 2020. May 08, 2020 -- The Board has elected to defer the declaration of a dividend on its preferred stock until June 30, 2020 in accordance with regulatory timetables and subject to its assessment of the impactand trajectory of COVID-19. June 25, 2018 -- Colony NorthStar, Inc. (NYSE:CLNS) today announced that it has completed its name change to Colony Capital, Inc. effective today. As part of the name change, the Company is now publicly traded on the New York Stock Exchange under the new ticker symbol "CLNY" and the company's website address has been changed to www.clny.com. 12/20/16 -- Colony NorthStar, Inc. (NYSE:CLNS) today announced the completion of the merger of Colony Capital, Inc. (NYSE: CLNY), NorthStar Asset Management Group Inc. (NYSE: NSAM) and NorthStar Realty Finance Corp. (NYSE: NRF). Colony NorthStar currently has an equity market capitalization of approximately $9 billion and assets under management of $58 billion, managing capital on behalf of its stockholders, institutional and retail investors in private funds and non-traded and traded real estate investment trusts ("REIT") and 1940 Act companies. The transaction was originally announced on June 3, 2016 and approved by all three companies' stockholders at their respective special meetings held on December 20, 2016.
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IPO - 9/14/2017 - 11.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: CLNY-J Changed: 6/08/2021
Previous Name: Colony NorthStar, 7.125% Series J Cumulative Redeemable Perp Preferred Stock Changed: 6/08/2021
Market Value $ Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 750 Park of Commerce Drive, Suite 210, Boca Raton, FL 33487 |
Main Phone Number |
516-570-4644 |
Fax Number |
Not Available |
Investor Contact
Severin White
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310-282-8820
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CEO - Marc Ganzi |
CEO - Richard B. Saltzman |
CFO - Thomas Mayrhofer |
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