The OTC ticker has been assigned and it is AUVPP
Applied UV Inc (AUVI), which announced this new issue weeks ago has finally priced the issue.
The issue prices at 10.5%, is cumulative, perpetual and while technically would pay qualified dividends–you must have income to pay qualified dividends thus I call the dividends variable (qualified if they have income and not qualified if they have losses–return of capital if there is no income). Dividends are paid monthly.
The issue becomes callable in a year at $30/share (yes really). The premium for a call reduces annually for 5 years (seeing pricing term sheet for details).
No OTC grey market ticker has yet been announced.
EarlyBird was on this early.