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Colony NorthStar, 8.75% Series A Cumulative Redeemable Preferred Stock
Ticker Symbol: CLNS-A* CUSIP: 19625W203 Previous CUSIP: 66704R209 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/23/2017
Security has been Called for: Friday, June 23, 2017
May 24, 2017-- Colony NorthStar, Inc. (NYSE: CLNS) today announced that it intends to redeem all 2,466,689 outstanding shares of its 8.75% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: CLNSPrA) on June 23, 2017. The Series A Preferred Shares will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) from May 15, 2017 up to, but not including, the Redemption Date. Dividends on the shares of Series A Preferred Shares will cease to accrue on the Redemption Date. Upon redemption, the shares of Series A Preferred Shares will no longer be outstanding, and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the shares of the Series A Preferred Shares will be delisted from trading on the New York Stock Exchange. _______________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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QUANTUMONLINE.COM SECURITY DESCRIPTION: Colony NorthStar Inc., formerly the NorthStar Realty Finance Corp., 8.75% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 9/14/2011 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 8.75% ($2.1875) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the date fixed by the board, not more than 30 days prior to the payment 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. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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)
IPO - 9/8/2006 - 2.20 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: NRF-A Changed: 12/20/2016
Previous Name: NorthStar Realty Finance Corp., 8.75% Series A Cumul Redeem Preferred Stock Changed: 12/20/2016
Market Value $55.0 Million
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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: 399 Park Avenue, 18th Floor, New York, NY 10022 |
| Main Phone Number |
212-547-2600 |
| Fax Number |
212-547-2700 |
| Investor Relations
Joe Calabrese
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212-827-3772
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Toll Free Phone Number |
Unknown |
| CEO - David T. Hamamoto |
CFO - Debra A. Hess |
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