Examples of Series C MRP Shares in a sentence
The Fund’s MRP Shareholders are entitled to receive monthly cash dividends, at a currently effective dividend rate per annum for each series of MRP Shares as follows (subject to adjustment as described above in “Mandatory Redeemable Preferred Shares”): 3.70% for Series A MRP Shares, 4.00% for Series B MRP Shares and 4.24% for Series C MRP Shares.
The Series A MRP Shares, the Series B MRP Shares and the Series C MRP Shares shall have been given a rating of not less than AA by Fitch on or prior to the date of issuance thereof.
The Series C MRP Shares shall constitute a separate series of Preferred Stock of the Corporation, and each Series C MRP Share shall be identical.
The initial Dividend Period for the Series C MRP Shares shall be the period from and including the Original Issue Date to and including March 31, 2014.
As of August 24, 2021, the Fund had 156,586,617 common shares outstanding and MRP Shares outstanding in the following amounts: 3,220,000 Series A MRP Shares, 3,220,000 Series B MRP Shares, and 3,240,000 Series C MRP Shares, and 2,480,000 Series D MRP Xxxxxx.
On September 6, 2017, the Fund completed a private placement of 3,220,000 Series A MRP Shares, 3,220,000 Series B MRP Shares and 3,240,000 Series C MRP Shares.
Subject to adjustment as described below under “MRP Shares Dividends,” the dividend rate per annum (the “Applicable Rate”) for each series of MRP Share is as follows: Series A MRP Shares 3.70% Series B MRP Shares 4.00% Series C MRP Shares 4.24% The MRP Shares have a term redemption date of September 6, 2022 for the Series A MRP Xxxxxx, September 6, 2024 for the Series B MRP Shares and September 6, 2027 for the Series C MRP Xxxxxx.
Each such new certificate representing Series A MRP Shares, Series B MRP Shares, and Series C MRP Shares shall be payable to such Person as such holder may request and shall be substantially in the form of Exhibit 2(a), Exhibit 2(b) or Exhibit 2(c), respectively.
The Series C MRP Shares and the Series D MRP Shares shall have been given a rating of not less than AA by Fitch on or prior to the date of issuance thereof.
On September 6, 2017, the Fund completed a private placement of 160,000 Series A MRP Shares, 160,000 Series B MRP Shares and 160,000 Series C MRP Shares.