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Franchise Group Inc | 7.50% Series A Cumulative Perpetual Preferred Stock (FRGAP)
This preferred is marked as having been called.
Prospectus excerpt: We are offering for sale 1,200,000 shares of our 7.50% Series A Cumulative Perpetual Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”). The liquidation preference of each share of Series A Preferred Stock is $25.00.? We will pay cumulative distributions on the Series A Preferred Stock, from, and including, the date of original issuance, in the amount of $1.875 per share each year, which is equivalent to 7.50% of the $25.00 liquidation preference per share. Dividends on the Series A Preferred Stock will be payable quarterly in arrears, on or about 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 first dividend on the Series A Preferred Stock sold in this offering will be paid on or about October 15, 2020. Full Prospectus PDF », Secondary Prospectus PDF », FRG Page »
Series: | A | Redeemable?: | Yes | Call Date: | 9/18/2025 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 1,200,000 | Overallotment: | 180,000 | Liquidation Preference: | $25.00 | Original Coupon: | 7.50% | Pay Period: | Quarterly | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | CDx3 Compliance Rating: |
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Franchise Group is an owner and operator of franchised and franchisable businesses. Co.'s business lines include: The Vitamin Shoppe, which is a retailer of vitamins, minerals, herbs, supplements, sports nutrition and others; Pet Supplies Plus, which is a retail chain and franchisor of pet supplies and services; Badcock Home Furniture & More, which is a retailer of furniture, appliances, bedding, electronics, home office equipment, accessories and seasonal items; American Freight, which provides in-store and online access to furniture, mattresses, new and out-of-box home appliances and home accessories; Buddy's Home Furnishings; and Sylvan Learning. Preferred: FRGAP Open the FRG Information Page »
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