Drive Shack 8.05% Series C Cumulative Redeemable Preferred Stock

Previously issued by Newcastle Investment which was a REIT. Converted to a C-Corp and changed name to Drive Shack.

All Drive Shack preferreds and common shares have been delisted effective 1/3/2023

Company is no longer a ‘reporting company’ effective 5/2022.

Dividend is suspended

Ticker: DSHKO

Parent Ticker: DSHK

OTC Grey Market Temporary Ticker: NA

Issuance Date: 10/21/2005

1st Call Date: 10/25/2010

Maturity Date: None

Shares Issued: 1,600,000

Overallotment Shares: 160,000

Coupon: 8.05%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.50

Payment Months: JAN, APR, JUL, OCT

Payment Day: Last Day

S&P Rating: NR

III Rating (In Regards to Dividend Safety Only): D

Moody Rating: NR

Fitch Rating: NR