CLDT-A Chatham Lodging Trust (REIT) 6.625% Series A Cumulative Preferred

Distributions on the Series A Preferred Shares will be payable quarterly in arrears on the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). The distribution rate is 6.625% per annum of the $25.00 liquidation preference, which is equivalent to $1.65625 per annum per Series A Preferred Share. The first distribution on the Series A Preferred Shares sold in this offering will be paid on October 15, 2021 (long first dividend period) and will be in the amount of $0.48307 per share. We may not redeem the Series A Preferred Shares before June 30, 2026 except in limited circumstances to preserve our status as a real estate investment trust (“REIT”) for federal income tax purposes and except as described below upon the occurrence of a Change of Control (as defined in “Description of the Series A Preferred Shares — Special Optional Redemption”). On and after June 30, 2026, we may, at our option, redeem the Series A Preferred Shares, in whole or from time to time in part, by paying $25.00 per share, plus any accrued and unpaid distributions to, but not including, the date of redemption.  This security was issued by Chatham Lodging Trust, whose common stock symbol is CLDT.

$21.88  -0.05 (-0.23%)
As of 07/01/2022 15:10:04 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Real Estate
Industry:  REIT—Hotel & Motel
Index country:  USA
Country of incorporation:  USA
IPO date:  06/24/2021
Outstanding shares:  4,800,000
Average volume:  5,626
Market cap:   $101,448,000
Current dividend yield:  7.84%    calculation
Coupon rate:    6.625%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   06/30/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      

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