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Industry Discussions / Real Estate Inv. Trusts: REITs

URL:  http://boards.fool.com/this-is-not-an-increase-but-the-first-full-30558506.aspx

Subject:  Re: REIT Dividend Increases Announced This Week Date:  2/23/2013  6:22 PM
Author:  annedonc Number:  73743 of 78775

This is not an increase, but the first full quarterly dividend. The first dividend on 12/17 was for a partial quarter. See below from the prospectus.


Dividends
Holders of Series B Preferred Shares will be entitled to receive cumulative cash dividends on the Series B Preferred Shares at the rate of 7.375% per annum of the $25.00 per share liquidation preference, which is equivalent to $1.84375 per annum per share. Dividends on the Series B Preferred Shares are payable quarterly in arrears on or about the 15th day of March, June, September and December of each year (or, if the 15th day of any such month is not a business day, on the next business