The Preferred Apartment Community $900M Preferred Stock & Warrant Offering closed on February 14, 2017 with a successful capital raise of $900 million. PAC $900M targeted high-performing Class A multifamily, student housing, grocery-anchored retail shopping centers and office assets in PAC’s target markets. Their strategy has allowed PAC to increase its common stock dividend 10 times* since its IPO in June 2011. PAC’s dividend coverage rate for its Preferred Stock is 165%*.
*PAC Public Filings as of Q4 2016. Reference public filings for complete financial disclosure. There is no guarantee dividends will be paid of investment objectives will be met. Past performance doesn’t guarantee future results.