The Terra Income Fund is a non-traded REIT–there is no parent company that is publicly traded.
Notes are rated BBB by Egan Jones
Company is a non traded REIT
This issue was reopened on 10/20/2020 and another 560.000 shares were sold
These shares were sold in a continuous offering by Gladstone Land by Gladstone Securities starting in 1/2018. By 3/9/2020 the offering was complete with 5,972,482 shares sold. Listing was then secured under ticker LANDO with trading commencing 10/19/2020.
Public offering of this issue was $23/share.
Dividend suspended 3/2020 because of asset damage caused by Covid 19. 7/1/2020 The preferred stock was reinstated.
Coupon is fixed at 6.50% until 3/31/2025 after which it will float at 3 month Libor plus a spread of 5.345%
Coupon is fixed until 2/15/2025 after which it will float at 3 month Libor plus a spread of 4.969%
Coupon is fixed at 6.125% until 4/14/2025 after which it floats at 3 month Libor plus a spread of 4.697%