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News Breaks | | | | January 17, 2013 | | 09:07 EDT |  | APTS | Preferred Apartment raises $40M in a private placement
Preferred Apartment issued 40,000 shares of its Series B Mandatorily Convertible Cumulative Perpetual Preferred Stock at a purchase price of $1,000 per share. The Series B Preferred Stock will automatically be converted into shares of common stock of the Company following, and subject to, stockholder approval. The shares of Series B Preferred Stock have a conversion price of $7.00 per common share. The Company has agreed to file a resale registration statement by no later than April 15, 2013 for the purpose of registering the resale of the underlying shares of common stock into which the shares of Series B Preferred Stock are convertible following stockholder approval. The Company expects to use the net offering proceeds to acquire multifamily residential properties. Wunderlich Securities, Inc. and Compass Point Research & Trading, LLC acted as the lead placements agents for the private placement. | |
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News For APTS From The Last 14 Days Check below for free stories on APTS the last two weeks. |
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| May 17, 2013 | | 16:11 EDT | | APTS | Preferred Apartment files $200M mixed securities shelf
 Subscribe for More Information | | | May 10, 2013 | | 06:20 EDT | | APTS | Preferred Apartment files to sell 5.71M shares of common stock for holders
Subscribe for More Information | | | May 9, 2013 | | 13:14 EDT |  | APTS | Preferred Apartment increases dividend 3.4% to 15c per share
Subscribe for More Information | | | May 6, 2013 | | 17:45 EDT |  | APTS | Preferred Apartment sees Q2 adjusted FFO $1.75M-$2.05M
| | | 17:44 EDT | | APTS | Preferred Apartment reports Q1 adjusted FFO $897,917 vs. $768,941 a year ago
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