Prospectus excerpt: We are offering 4,200,000 American Depositary Shares (the ÙDepositary Sharesˆ), each of which represents 1/100th of one share of our 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, with a liquidation preference of $2,500.00 per share (equivalent to $25.00 per Depositary Share) (the ÙSeries H Preferred Stockˆ). The Series H Preferred Stock represented by the Depositary Shares will be deposited with The Bank of New York Mellon, as Depositary. As a holder of a Depositary Share, you will be entitled, subject to the terms of the Deposit Agreement (the ÙDeposit Agreementˆ), to proportional rights and preferences as if you held 1/100th of one share of our Series H Preferred Stock.
Dividends on the Series H Preferred Stock are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of January, April, July and October of each year, when, as and if declared by our board of directors. The initial dividend on the Series H Preferred Stock offered hereby will be payable on October 15, 2014 in an amount equal to $58.099 per share (equivalent to $0.58099 per Depositary Share). Dividends will be payable out of amounts legally available therefor at an initial rate equal to 8.625% per annum of the stated liquidation preference.
At any time on or after July 8, 2019 or after the occurrence of a fundamental change, the Series H Preferred Stock may be redeemed (and the Depositary Shares can be caused to the redeemed), in whole or in part, out of amounts legally available therefor, at a redemption price of $2,500.00 per share (equivalent to $25.00 per Depositary Share) plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption, whether or not declared.