REIT Armada Hoffler (NYSE:AHH) has priced their new issue with a fixed rate coupon of 6.75%.
The company will be selling 2.2 million shares with an additional 330,000 shares available for over allotments.
Of course the shares are perpetual (no maturity), but an optional redemption period (at the company’s option) starts 6/18/2024.
Dividends are cumulative, but not qualified.
The permanent ticker is AHH-A, but shares will trade on the OTC Grey market under ticker AMAHP starting immediately.