Presidio Property Trust completes preferred share exchange into common stock for 149,773 shares tendered
Bitget2026/10/05 12:50Presidio Property Trust’s exchange offer for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock expired on Oct. 2. 149,773 Series D preferred shares were tendered, about 15.4% of outstanding, accepted for conversion into Series A common stock. Tendering holders will receive 5.5 common shares per preferred share, implying about 823,753 common shares to be issued. Settlement is expected on or about Oct. 6. 973,736 Series D preferred shares were outstanding as of Oct. 2; about 823,963 are expected to remain outstanding post-settlement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Presidio Property Trust Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610050850ACCESSWRNAPR_____1232492) on October 05, 2026, and is solely responsible for the information contained therein.
- Presidio Property Trust’s exchange offer for its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock expired on Oct. 2.
- 149,773 Series D preferred shares were tendered, about 15.4% of outstanding, accepted for conversion into Series A common stock.
- Tendering holders will receive 5.5 common shares per preferred share, implying about 823,753 common shares to be issued.
- Settlement is expected on or about Oct. 6.
- 973,736 Series D preferred shares were outstanding as of Oct. 2; about 823,963 are expected to remain outstanding post-settlement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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