On and after 6/30/2022 optional redemption is at $25.75 until 6/29/23. On and after 6/30/2023 until 6/29/2024 redemption is at $25.50. On and after 6/30/2024 until 6/29/2025 redemption is at $25.25. Redemption on or after 6/30/2025 redemption is at $25.00
On and after 8/31/2023 optional redemption is at 103% until 8/30/24. On and after 8/31/2024 until 8/30/2025 redemption is at 102%. On and after 8/31/2025 redemption is at 100%
Preferred dividend suspended 1/5/2023
This issue has been reopened a number of times and as of 7/31/2021 there were 1.223 million shares outstanding. Additionally the company has had an ‘at the money’ program selling shares on an ongoing basis.
On and after July 16, 2022, the first anniversary of July 16, 2021, to but excluding the second anniversary, the shares of Series A Preferred Stock will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to $30.00 per share, plus any accrued and unpaid dividends. On and after July 16, 2023, the second anniversary of July 16, 2021, to but excluding the third anniversary, the shares of Series A Preferred Stock will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to $28.00 per share, plus any accrued and unpaid dividends. On and after July 16, 2024, the third anniversary of July 16, 2021, to but excluding the fourth anniversary, the shares of Series A Preferred Stock will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to $27.00 per share, plus any accrued and unpaid dividends. On and after July 16, 2025, the fourth anniversary of July 16, 2021, to but excluding the fifth anniversary, the shares of Series A Preferred Stock will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to $26.25, plus any accrued and unpaid dividends. On and after July 16, 2026, the fifth anniversary of July 16, 2021, the shares of Series A Preferred Stock will be redeemable at the Issuer’s option, in whole or in part, at a redemption price equal to $25.00 per share, plus any accrued and unpaid dividends.
We have listed this issue as NON-qualified for preferential tax treatment. The prospectus is not clear on this matter and it is possible it will be qualified.
Triton International was bought by Brookfield Infrastructure on 9/28/2023. Preferreds remain outstanding.
Colony Capital became DigitalBridge on 6/22/2021. Ticker have changed to reflect the new name and ticker
DigitalBridge is now a C Corp and dividends are qualified
