FATBP FAT Brands Inc. - 8.25% Series B Cumulative Preferred Stock

We will pay cumulative dividends on the Series B Preferred Stock from and including the date of original issuance in the amount of $2.0625 per share each year, which is equivalent to 8.25% of the $25.00 liquidation preference per share. Dividends on the Series B Preferred Stock will be payable monthly in arrears, beginning with the month ended July 31, 2020. We may, at our option, redeem the Series B Preferred Stock, in whole or in part, by paying $25.00 per share, plus any accrued and unpaid dividends to the date of redemption and a redemption premium. The redemption premium will initially be set at 10% of the $25.00 liquidation preference per share, and will decrease by 2% per year until it terminates on the five-year anniversary of the initial issuance date (July 16, 2025).  This security was issued by Fat Brands Inc. Class A, whose common stock symbol is FAT.

$17.95  +0.08 (0.45%)
As of 06/30/2022 13:24:24 EST     IEX book   CBOE book

Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Consumer Discretionary
Industry:  Restaurants
Index country:  USA
Country of incorporation:  USA
IPO date:  07/14/2020
Outstanding shares:  360,000
Average volume:  9,617
Market cap:   $6,433,200
Current dividend yield:  11.54%    calculation
Coupon rate:    8.250%
Cumulative:    Yes
Liquidation value:   $25.00
Callable after:   07/16/2020
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K

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