Lodging REIT Chatham Lodging Trust (CLDT) has announced they will be selling a new issue of cumulative preferred stock.
The issue will have the typical terms–quarterly dividends, cumulative, non-qualified and optionally redeemable in 2026.
It looks like this will be a first for Chatham as I show no record of previous preferred stocks being issued by the company. It will be interesting to see how this one prices.
af and Newman were on top of this one.