1 min read
Add as a preferred source on GoogleInnovative Industrial Properties Prices $50 Million Preferred Offering
The company priced 2 million Series B cumulative redeemable preferred shares at $25 each, targeting $50 million in gross proceeds.
Innovative Industrial Properties priced 2 million shares of Series B cumulative redeemable preferred stock at $25 each, targeting $50 million in gross proceeds.
The preferred shares carry a 9.25% rate. The offering adds a financing instrument to the real estate company's capital structure.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.