debt
confidence high
sentiment neutral
materiality 0.45
GIPR issues 500K Series A Preferred Units at $5/unit for $2.5M to JCWC Funding
GENERATION INCOME PROPERTIES, INC.
- Issued 500,000 Series A Redeemable Preferred Units to JCWC Funding at $5.00/unit, raising $2.5 million.
- Preferred units carry cumulative annual distribution of $0.325/unit (6.5% yield), payable monthly.
- After two years, either party can require redemption at $5.15/unit plus accrued distributions.
- Operating Partnership may, with consent, redeem by issuing 1.03 shares of common stock per unit.
- Proceeds used for general corporate expenses; issuance exempt under Regulation D.