All outstanding shares of Series C Preferred Stock will be redeemed at a cash redemption price of $25.00 per share, plus any accrued and unpaid dividends (whether or not declared) from July 15, 2021 up to, but not including, the Redemption Date (the “Redemption Price”). Dividends on the shares of Series C Preferred Stock will cease to accrue on the Redemption Date. Upon redemption, the shares of Series C Preferred Stock will no longer be deemed outstanding and all rights with respect to the shares of Series C Preferred Stock will cease and terminate, except only the right of the holders thereof to receive the Redemption Price, without interest, from the redemption and payment agent.
All issued and outstanding shares of Series C Preferred Stock are held in book-entry form through the
This press release does not constitute a notice of redemption under the Company’s Articles Supplementary governing the shares of Series C Preferred Stock.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. The Company’s actual results may differ from its beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "expect," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, or by references to strategy, plans, or intentions. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the net proceeds of the offering will be used as indicated. Completion of the offering on the terms described, and the application of the net proceeds of the offering, are subject to numerous possible events, factors and conditions, many of which are beyond the control of the Company and not all of which are known to it. These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in the Company's Annual Report on Form 10-K for the year ended
For Further Information
Chief Financial Officer
Phone: 212-792-0107
Email: [email protected]
