The following table summarizes our preferred shares issued and outstanding as of September 30, 2021: | | | | | | | | | | | | | | | | | Series B | | Series D | | Issuance Date | | November 10, 2014 | | August 3, 2021 | | Securities issued | | 750 Preferred shares; represented by 750,000 depositary shares | | 1,600 Preferred shares; represented by 1,600,000 depositary shares | | Dividend rate per annum | | 5.20% through November 14, 2019; 3-month LIBOR plus 3.428% thereafter | | 3.55% through September 14, 2026; resets September 15, 2026 and every subsequent 5-year anniversary at 5-year Treasury rate plus 2.854% | | Dividend payment date | | Semi-annual beginning May 15, 2015 and, quarterly beginning February 15, 2020 | | Quarterly beginning September 15, 2021 | | Earliest redemption date | | November 15, 2019 | | September 15, 2026 | | Aggregate liquidation preference | | $750 million | | $1,600 million | Carrying value (a) | | $742 million | | $1,584 million |
(a)Carrying value, presented in the Statements of Shareholders' Equity, represents the issuance proceeds, net of underwriting fees and offering costs.
|