REIT Rexford Industrial Realty (NASDAQ:REXR) will be selling a new preferred stock issue. The issue will trade under the permanent ticker of REXR-C when it begins to trade on the NYSE—after a short stint on the OTC Grey market. The temporary OTC ticker has not yet been announced.
The issue is the typical REIT issue with cumulative dividends, but being non qualified.
The company currently has 2 preferred issues outstanding, both with 5.875% coupons which can be seen here.
mcg had this posted in Reader Initiated Alerts a couple hours ago.