Chatham Lodging Trust to Sell New Preferred

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.

The preliminary prospectus can be read here.

af and Newman were on top of this one.

3 thoughts on “Chatham Lodging Trust to Sell New Preferred”

  1. JMHO…
    CLDT is scary…I owned it for years…
    I held it through the Pandemic until I finally broke even and then sold out…
    I don’t care for the management…and I don’t trust them. Do your homework on this one before you buy…

    Again, JMHO

    Cheers
    KJN

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