May only be redeemed on a dividend payment date
Can only be redeemed on dividend payment date
Company is a non traded REIT
The bank is regulated by the FDIC and as such there are no SEC filings. The links below direct to the company website where filings may be found
Follow on offerings have been made numerous times since the original issuance at prices ranging from $18/share to $25/share. As of 9/30/2020 there were 3.427 million shares outstanding
Dividends were originally paid quarterly but in June, 2020 dividend payments were changed to monthly
Shares reopened on 12/15/2020. 1.73 million shares to be offered plus over allotment of 259,500.
9,065,200 shares were sold in a private placement on 3/31/2014 with a coupon of 8.5%. Coupon is fixed at 8.50% until 6/30/2019 at which point shares float at 3 month Libor plus a spread of 6.6785%. IF 3 month libor is BELOW 1% then 1% will be used as the libor floor.
The company redeemed 6,919,998 shares on 7/2/2019