|
Jernigan Capital, Inc.
Ticker Symbol: JCAP* CUSIP: 476405105 Exchange: NYSE
* NOTE: This security is no longer trading as of 11/06/2020
Company's Online Profile
BUSINESS: Jernigan Capital, Inc. is a real estate investment trust that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. The Jernigan Capital team has extensive experience in over 100 U.S. markets from acquiring and managing self-storage properties to new self-storage development.
|
Find All Related Securities for JCAP
|
Notes: October 26, 2020 -- Jernigan Capital, Inc. (NYSE: JCAP) (“Jernigan” or the “Company”) announced that its shareholders approved the acquisition of Jernigan by affiliates of NexPoint Advisors, L.P. (“NexPoint”) at its special meeting of stockholders held earlier today. Shares representing approximately 77.67% of the Company outstanding stock voted at the special meeting, with approximately 97.65% of such shares voting FOR approval of the merger. August 03, 2020 -- Jernigan Capital, Inc. (NYSE: JCAP) (“JCAP” or the “Company”), an owner of self-storage facilities and a leading capital partner for self-storage entrepreneurs nationwide, today announced that it has entered into a definitive merger agreement with an affiliate of NexPoint Advisors, L.P. (together “NexPoint”) under which it will be acquired by NexPoint in an all-cash transaction valued at approximately $900 million, including debt and preferred stock to be assumed or refinanced (the “Merger Agreement”). The agreement has been unanimously approved by the Company’s Board of Directors. The transaction was recommended to the Company’s Board of Directors by a Transaction Committee consisting of all directors (other than Jim Dondero, founder and President of NexPoint) established to evaluate the transaction.Under the terms of the Merger Agreement, holders of JCAP's common stock and holders of units of operating company interests in Jernigan Capital Operating Company, LLC will receive $17.30 per share/unit in cash. This represents a 30% premium over the 90-day volume-weighted average share price ending July 31, 2020 and a 23% premium over the July 31, 2020 closing share price. Holders of the Company’s Series B preferred stock will receive cash equal to $25.00 per share plus all accrued dividends (whether or not authorized or declared) up to, but excluding, the date the merger is consummated.
|
IPO - 3/26/2015 - 5.00 Million Shares @ $20.00/share.
Link to IPO Prospectus
Small Cap Stock -
Market Value $399.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 6410 Poplar Avenue, Suite 650, Memphis, TN 38119 |
| Main Phone Number |
901-567-9510 |
| Fax Number |
Not Available |
| Investor Relations
|
901-567-9580
|
| CEO - John A. Good |
CFO - Kelly Luttrell |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
