Air Lease Corporation 6.15% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A
By: Tim McPartland,
Date Issued 2/26/2019
Shares Issued 10,000,000 Overallotment Shares 0
S&P Rating BB+ Moodys NR
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Security Ticker Symbol AL-A OTC Grey Market ALSCP
Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning 6/15/2019
Quarterly Dividends .384 Annual Dividends 1.538
Securities may be redeemed, at the issuers option, as early as 03/15/2024 for a redemption price of $25/share plus accrued dividends
Dividend Payments Will be Qualified Distributions.
Maturity Date None
Click Here for the offering Prospectus and or final pricing documents
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
