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Stag Industrial, 6.875% Series C Cumulative Redeemable Preferred Stock
Ticker Symbol: STAG-C*     CUSIP: 85254J409     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 3/31/2021

Security has been Called for:  Wednesday, March 31, 2021

March 1, 2021 -- STAG Industrial, Inc. (the “Company”) (NYSE:STAG) today provided notice to the holders of its 6.875% Series C Cumulative Redeemable Preferred Stock (NYSE: STAG-PC) (the “Series C Preferred Stock”) of the redemption of all 3,000,000 outstanding shares of the Series C Preferred Stock. The Company will redeem the Series C Preferred Stock for a cash redemption price of $25.00 per share, plus accrued and unpaid dividends to but excluding the redemption date, without interest. The redemption date will be March 31, 2021. On the redemption date, dividends on the Series C Preferred Stock will cease to accrue.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Stag Industrial, Inc., 6.875% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/17/2021 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.875% per annum ($1.71875 per annum or $0.429688 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than 35 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges 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). 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. 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
6.88%
$1.72
$25.00
$25.00
Called for
3/31/2021

None
NF NF
11/20/2020
3/31, 6/30, 9/30 & 12/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (STAG)

IPO - 3/10/2016 - 3.00 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: STDDP    Changed: 3/15/2016
Market Value $75.0 Million

Company's Online Information Links
HOME PAGE:     https://www.stagindustrial.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address InvestorRelations@stagindustrial.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   One Federal Street, 23rd Floor, Boston, MA 02110
Main Phone Number 617-574-4777
Fax Number 617-574-0052
Investor Contact   Matts Pinard 617-226-4987
Toll Free Phone Number Unknown
CEO - Benjamin S. Butcher CFO - William R. Crooker

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