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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Sunday, January 28, 12:55 PM

Slide #35. Colony NorthStar, Inc. Preferred Stock Offering

Company: Colony NorthStar, Inc. (NYSE:CLNS)
Date announced: 9/13/2017
Shares Offered: 11,000,000
Date of Pricing: 9/13/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Colony NorthStar, Inc. (the "Company") (NYSE:CLNS) today announced it has commenced an underwritten public offering of its shares of Series J Cumulative Redeemable Perpetual Preferred Stock ("Series J Preferred Stock") with a liquidation preference of $25.00 per share. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as co-managers. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series J Preferred Stock initially sold to the public. The Company intends to file an application to list the Series J Preferred Stock on the New York Stock Exchange. -updated 9/13- Colony NorthStar, Inc. (the "Company") (NYSE:CLNS) today announced it has priced 11,000,000 shares of 7.125% Series J Cumulative Redeemable Perpetual Preferred Stock ("Series J Preferred Stock") with a liquidation preference of $25.00 per share. In addition, the Company has granted the underwriters a 30-day option to purchase an additional 1,650,000 shares of the 7.125% Series J Preferred Stock on the same terms and conditions. The offering is expected to close on or about September 22, 2017, subject to customary closing conditions. Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as co-managers.

NorthStar Asset Management Group is an asset management firm. Co.'s primary business lines are as follows: NorthStar Listed Companies, and Retail Companies, which provides asset management and other services on a fee basis by managing the day-to-day activities of the NorthStar Listed Companies, and Retail Companies;Broker-dealer, which raises capital in the retail market through NorthStar Securities and earned dealer manager fees for selling equity in the Retail Companies; Direct Investments, which invest in strategic partnerships and joint ventures with third-parties. As of Dec 31 2016, Co. had $56.00 billion of assets under management.

Preferreds: CLNS.PRB, CLNS.PRA, CLNS.PRF, CLNS.PRC, CLNS.PRD, CLNS.PRE, CLNS.PRG, CLNS.PRH


Open the CLNS Page at Ru Back Packer »

Name: Colony NorthStar Inc
Website: nsamgroup.com
Sector: REITs
Number of ETFs Holding CLNS: 42 (see which ones)
Total Market Value Held by ETFs: $781,824,747
Total Market Capitalization: $5,401,000,000
% of Market Cap. Held by ETFs: 14.48%

Open the CLNS Page at Ru Back Packer (in a new window) »

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