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Atlas Corp. | 7.875% Series H Cumulative Redeemable Perpetual Preferred Shares (ATCO.PRH)
Prospectus excerpt: We are offering 9,000,000 of our 7.875% Series H Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share (the ÙSeries H Preferred Sharesˆ). Dividends on the Series H Preferred Shares will be cumulative from the date of original issue and will be payable quarterly in arrears on the 30th 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 Shares offered hereby will be payable on October 30, 2016. Dividends will be payable out of amounts legally available therefor at an initial rate equal to 7.875% per annum of the stated liquidation preference. Full Prospectus PDF », Secondary Prospectus PDF », ATCO Page »
Series: | H | Alternate symbology: | ATCO-H, ATCO-PH, ATCOprH | Redeemable?: | Yes | Call Date: | 8/11/2021 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 9,000,000 | Overallotment: | 1,350,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $24.15 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-0.85 (-3.40%) | Annualized Dividend: | 1.968752 | Recent Ex-Date: | 4/26/2024 | Current Yield: | 8.15% | Original Coupon: | 7.875% | Pay Period: | Quarterly | Pay Dates: | 30-Jan, 30-Apr, 30-Jul, 30-Oct | CDx3 Compliance Rating: |
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Atlas is holding company. Through its subsidiaries, Co. is a global asset manager. Co. has two reportable segments: containership leasing and mobile power generation. Co.'s containership leasing segment, which is conducted through its subsidiary, Seaspan Corporation, owns and operates a fleet of containerships which it charters to main container liner companies. Co.'s power generation segment, which is conducted through its another subsidiary, APR Energy Limited, owns and operates a fleet of power generation assets, including gas turbines and other equipment, and provides power solutions to customers through various contracts. Preferreds: SSW.PRC, ATCO.PRD, ATCO.PRE, ATCO.PRG, ATCO.PRH, ATCO.PRH, ATCO.PRI, ATCO.PRI Open the ATCO Information Page »
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