Drive Shack 8.375% Series D Cumulative Redeemable Preferred Stock

Previously issued by Newcastle Investment which was a REIT. Changed name and converted to a C-Corp making the dividends now qualified.

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

Ticker: DS-D

Parent Ticker: DS

OTC Grey Market Temporary Ticker: NA

Issuance Date: 03/14/2007

1st Call Date: 03/15/2012

Maturity Date: None

Shares Issued: 2,000,000

Overallotment Shares: 300,000

Coupon: 8.375%

Face Value: $25.00

Cumulative: Yes

Qualified: Yes

Quarterly Dividend Amount: 0.523

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