Stock Market | FinancialContent Business Page financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ FinancialNewsMedia.com News Commentary - Experts are saying that real estate investment trusts (REITs) should finish 2021 as one of the stock.
PALM BEACH, Fla., Jan. 4, 2022 /PRNewswire/ FinancialNewsMedia.com News Commentary - Experts are saying that real estate investment trusts (REITs) should finish 2021 as one of the stock market's
Press release content from Business Wire. The AP news staff was not involved in its creation.
Pebblebrook Hotel Trust Prices Public Offering of 6.375% Series G Cumulative Redeemable Preferred Shares
May 7, 2021 GMT
BETHESDA, Md. (BUSINESS WIRE) May 7, 2021
Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that on May 6, 2021, it priced an underwritten public offering of 8,000,000 of its 6.375% Series G Cumulative Redeemable Preferred Shares (the “Shares”) at a public offering price of $25.00 per share, for net proceeds of approximately $193.6 million, after deducting the underwriting discount and estimated offering-related expenses payable by the Company. The offering is expected to close on May 13, 2021, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Shares solely to cover over-allotments, if any.