PAC Series A.1/M.1 Redeemable Preferred Stock
A Cumulative Redeemable Preferred Stock offering designed to potentially provide investors with consistent monthly dividends as a fixed income alternative. The Preferred Stock ranks senior to the Common Stock with respect to payment of dividends and upon liquidation.
Redeemable Preferred Stock offered by Preferred Apartment Communities, Inc.
$1,000.00 per share
A.1 Series – 6% annualized dividend. M.1 Series – Initial dividend rate of 6.1% increasing annually from the date of issuance by .10% to a potential rate of 7.1%. Dividends are intended to be paid monthly. There are no assurances the dividend objective will be met.* *Dividends are not guaranteed and subject to approval by the Board of Directors
SERIES OPTIONS / LIQUIDITY
Series A – Investor has the right to redeem the Preferred Stock at stated value, subject to a three-year declining redemption fee (13%, 10%, 5%). See Prospectus for details. Series M – Investor has the right to redeem their preferred shares with up to a 90-day dividend claw back. See Prospectus for details. Death Redemption – During years one through three, 100% of the stated value plus any accrued but unpaid dividends.