Bluerock Residential Growth REIT, Inc. 8.25% Series A Cumulative Redeemable Preferred Stock

Shares are perpetual, but are puttable (require the company to redeem) to the company, at the option of the holder beginning 10/21/2022 for $25 plus accrued dividends.  Company may redeem with cash or common shares at their option.

Commencing 10/21/2022, if shares have not been redeemed the coupon rate will increase by 2% (50 cents) of the liquidation preference ($25/share) per annum. The coupon will increase by 2% on each anniversary date thereafter to a maximum of 14%.

If the company fails to maintain an asset coverage ratio of 200% the company must redeem enough shares (which may include some of these preferred shares) to cause the company to meet the asset coverage ratio.


9/21/2020 the company announced they are redeeming 1,393,294 shares on 10/21/2020




Checkbox IconRedeemed 02/26/2021
BRG-A
BRG
10/15/2015
10/21/2020
None
2,500,000
375,000
8.25%
$25.00
Yes
No
0.515
MAR, JUN, SEP, DEC
21
JAN, APR, JUL, OCT
5
NR
C
NR