Preferred Stock Offerings
By Ru Back Packer Staff, updated Sunday, January 28, 11:11 AM
Slide #334. Corporate Office Properties Trust — Preferred Stock Offering
||Corporate Office Properties Trust (NYSE:OFC)
|Preferred Stock Offering Details:
||Corporate Office Properties Trust (COPT or the Company) (NYSE:OFC) has commenced a public offering of 3,900,000 of its common shares of beneficial interest. The Company intends to use the proceeds to redeem its outstanding 7.625% Series J Cumulative Redeemable Preferred Shares (NYSE:OFCPrJ), repay amounts outstanding under its unsecured revolving credit facility and for general corporate purposes. Completion of the offering is subject to customary closing conditions. BofA Merrill Lynch is acting as the book-running manager for the common share offering, and may offer the common shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
Corporate Office Properties Trust is a real estate investment trust. Through Corporate Office Properties, L.P. and subsidiaries, Co. is engaged in owning, managing, leasing, developing and acquiring office and data center properties. The majority of Co.'s portfolio is in locations that support U.S. Government agencies and their contractors, most of whom are engaged in national security, defense and information technology related activities. As of Dec 31 2016, Co.'s properties included the following: 164 operating office properties; 11 office properties under, or contractually committed for, construction or redevelopment; 1,227 acres of land that Co. controlled; and a wholesale data center.
Preferreds: OFC.PRG.CL, OFC.PRH, OFC.PRJ, OFC.PRL
Open the OFC Page at Ru Back Packer »
||Corporate Office Properties Trust
|Number of ETFs Holding OFC:
||58 (see which ones)
|Total Market Value Held by ETFs:
|Total Market Capitalization:
|% of Market Cap. Held by ETFs:
Open the OFC Page at Ru Back Packer (in a new window) »