Rexford Industrial Realty to Sell New Preferred

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.

The preliminary prospectus can be read here.

mcg had this posted in Reader Initiated Alerts a couple hours ago.

6 thoughts on “Rexford Industrial Realty to Sell New Preferred”

  1. Hi Tim,
    There’s an interesting article the WSJ on funny goings on in the Municipal
    Bond Market.

      1. sorry, not sure how to do this. i get the paper. online is abbreviated but
        still can’t figure out how to get it posted. thanks.

        1. the main point is that bonds are under-priced, creating opportunities
          for short-term trading and profit taking, leaving schools, etc. holding the bag.

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