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Stock impact report

Saul Centers, Inc. Prices Offering of Depositary Shares and 6.000% Series E Cumulative Redeemable Preferred Stock

Saul Centers, Inc. (BFS) 
Last saul centers, inc. earnings: 2/27 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.saulcenters.com
Company Research Source: PR Newswire
BETHESDA, Md., Sept. 10, 2019 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) (the "Company") today announced that it priced 4.0 million depositary shares, each representing a 1/100th fractional interest in a share of the Company's 6.000% Series E Cumulative Redeemable Preferred Stock, at an initial public offering price of $25.00 per depositary share.  The dividend rate of the Series E Cumulative Redeemable Preferred Stock underlying the depositary shares will be at a fixed rate of 6.000% of the liquidation preference per year, which is equivalent to an annual dividend of $1.50 per depositary share.  Dividends will be paid quarterly in arrears.  The Company estimates that net proceeds from this offering, after deducting underwriting discounts, commissions and estimated offering expenses, will be approximately $96.35 million (assuming no exercise of the underwriters' over-allotment option). The Company intends to use the net proceeds from this offering to redeem all or a portion of the Show less Read more
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