MSD Investment Corp. issues $750K of 12% Series A Preferred Stock

MSD Investment Corp.

Issued 250 shares of 12.0% Series A Cumulative Preferred Stock at $3,000/share for $750,000 total.
Dividends accrue at 12% annually, cumulative, payable semi-annually on June 30 and Dec 31.
Liquidation preference of $3,000/share plus accrued dividends and potential redemption premium.
Shares redeemable at any time; premium of $300/share if redeemed within 2 years, none after.
Holders have limited voting rights, including electing 2 directors if subject to Investment Company Act.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MSD Investment Corp.: Filed Articles Supplementary designating 250 shares of Series A Preferred Stock as a new class of preferred stock (effective 2023-11-30).

Change: charter amendment
Effective: 2023-11-30

Exact text from the filing

the Company filed Articles Supplementary (the “ Articles Supplementary ”), designating 250 authorized but unissued shares of the Company’s preferred stock as Series A Preferred Stock, which were accepted for record by the State Department of Assessments and Taxation of Maryland on November 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-067791

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