Data center REIT QTS Realty Trust (NYSE:QTS) has announced a new perpetual preferred stock issue.
Pricing has not yet occurred, but the issue will have the typical terms, being cumulative and optionally redeemable in 5 years. Dividends will NOT be qualified as REITs pay unqualified dividends.
QTS has no other exchange traded baby bonds or preferred stock outstanding at this time.
We will post details as they are announced.