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Security Details
- Coupon Rate
- 13.00%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- —
- Maturity Date
- None
- Distribution Period
- M
- Rate Type
- Fixed
- Annual Distribution
- 3.25
- Distribution Dates
- 15th of the Month
- Credit Ratings
- Moody's NF · S&P NF (4/18/2025)
- Tax-Advantaged Dividends
- Yes
Security Profile
- CUSIP
- 46183W309
- Market Cap
- Micro Cap · $50 Million
- Previous Symbol
- INVUB (changed 7/28/2021)
- Parent Company
- Investview, Inc. (INVU)
Business: Investview, Inc. 13% Series B Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after (__)/2023 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 13% per annum ($3.25 per annum or $0.2708333 per month) will be paid monthly on the 15th day of the month to holders of record on the record date which shall be the last day of the month preceding the month of the applicable payment date (NOTE: the ex-dividend date is one business day prior to the record date). The Company will reserve the amount equal to the first three years of dividend payments, or $9.75 per share of Series B Preferred, from the proceeds from this Offering (the “Dividend Reserve”) in an escrow account (the “Escrow Account”) maintained by International Financial Enterprise Bank (See prospectus for more details). <p> 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. <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 89 of the prospectus for further information). <p> 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.
Notes: This Preferred was issued in connection with a Unit offering trading under OTOTC: INVUU.
Company Contact
- CEO
- Victor M. Oviedo
- CFO
- Ralph R. Valvano
- Headquarters
- 234 Industrial Way West, Ste A202, Eatontown, New Jersey 07724
- Phone
- 732-889-4300
- Investor Relations
- 732-889-4300 · pr@investview.com