Market News AIOpen the app

Innovative Industrial Properties Inc added 16,100,000 shares to its Series B Preferred Stock rights.

PaperworkRead the original at SEC EDGAR
Neutral

IIPR authorized 16.1 million more Series B preferred shares, bringing the authorized total to 18.4 million shares. The filing reports no sale or issuance, so it shows no present change to IIPR's finances.

IIPR · Innovative Industrial Properties Inc

AI read · Neutral

The AI's read

This gives IIPR room to issue more preferred shares later, but the filing reports no sale or cash raised. The shares carry a 9.25% dividend rate, so issuing them would add a payment obligation. Since no issuance is reported, the filing shows no present financial change.

Get alerts for IIPR

Follow Innovative Industrial Properties Inc (IIPR) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for IIPR
Free on the App Store and Google Play, or on the web.