This is a regular preferred stock with an issuance and redemption preference of $25. Shares are cumulative in regards to dividends (even if they suspend dividend payments they will continue to accrue). Dividends will be qualified in respect to dividends, meaning that investors receive preferential tax treatment on dividends. Note that dividends are return of capital (ROC) if the company does not have operating income.
The shares are perpetual in regards to maturity (i.e. it has no maturity), but shares can be redeemed, at the option of the issuer, for $25/share plus accrued dividends anytime after 6/23/2014.
The shares are perpetual in regards to maturity (i.e. it has no maturity).
Dividends are paid monthly on the last day of the month.