As noted by EarlyBird with follow on comments from 2 whiteroses, Citadel West, Scott R and xerty Monmouth Real Estate Properties (MNR) will be merging with Industrial Logistics Properties (ILPT).
Monmouth has 1 preferred issue outstanding with a coupon of 6.125% (MNR-C) which can be seen here.
Industrial Logistics Properties posted a presentation showing potential of the MNR-C issue being called–it is here on page 9.
The preferred shares go ex dividend next Friday (11/12) for 38.3 cents and now are trading at $25.46.
Thanks to all for digging on this one.
Disclousure–I have a full position in this preferred.