|
Colony NorthStar, 8.50% Series A Cumulative Redeemable Perp Preferred Stock
Ticker Symbol: CLNS-F* CUSIP: 19625W708 Previous CUSIP: 19624R205 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 10,080,000 outstanding shares of its 8.50% Series F Cumulative Redeemable Perpetual Preferred Stock (NYSE: CLNSPrF) on June 23, 2017 (the Redemption Date). The Series F 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 April 15, 2017 up to, but not including, the Redemption Date. Dividends on the shares of Series F Preferred Shares will cease to accrue on the Redemption Date. Upon redemption, the shares of the Series F 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 the Series F 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.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Colony NorthStar, formerly the Colony Capital, Inc., formerly Colony Financial, Inc., 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/20/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.50% ($2.125) per annum are 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 at least 2 business days prior to the record date). Upon the occurrence of a change of control the company will have the option 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 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. 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.
|
Go to Parent Company's Record (DBRG)
IPO - 3/14/2012 - 5.20 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: CLNY-A Changed: 12/20/2016
Previous Name: Colony Capital, 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock Changed: 12/20/2016
Market Value $265.0 Million
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 2450 Broadway, 6th Floor, Santa Monica, CA 90404 |
Main Phone Number |
310-282-8820 |
Fax Number |
212-593-5433 |
Investor Relations
Lasse Glassen, Addo Communications
|
310-829-5400
|
Toll Free Phone Number |
Unknown |
CEO - Richard B. Saltzman |
CFO - Darren Tangen |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|