secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001104659-21-120391
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners to convert all Series B Preferred Stock to common; expects $6.2M annual cash flow boost
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- Conversion of ~5.8M Series B preferred shares into ~12.1M common shares at ratio of 2.08718 per share.
- Conversion price of $12.75 represents 45.2% premium over August 2017 pricing.
- Expects annual cash flow increase of over $6.2 million or $0.13 per common share.
- Anticipates fully-covered dividend and ~35% increase in common equity market cap.
- Effective October 4, 2021; preferred stock to be delisted from NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000110465921120391/0001104659-21-120391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000110465921120391/tm2128536d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-120391

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