Hudson Pacific Properties Prices New Preferred Issue – Ticker Update

The OTC ticker is HPPCV–look for this to change in a day or two.

REIT Hudson Pacific Properties (HPP) has priced their previously announced preferred stock.

The issue prices at 4.75% for 16 million shares with another 2.4 million shares available for over- allotments.

The issue is investment grade per Moody’s at Baa3. S&P has the issue a couple notches below investment grade.

As typical for a REIT the issue is cumulative and non qualified.

The pricing term sheet can be found here.

2 thoughts on “Hudson Pacific Properties Prices New Preferred Issue – Ticker Update”

  1. I think symbol changed to HPPCP. That’s how it shows up on TDA. Currently shows around $24.75.

  2. I bought 400 shares of HPPCV at Etrade and my account is showing them with value $0 and not trading. I can’t find them under any ticker – anyone know what’s going on? Thanks.

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