secwatch.observer — SEC 8-K summary
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Issuer:     COPT DEFENSE PROPERTIES (CDP)
CIK:        0000860546
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001104659-22-061521
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corporate Office Properties Trust establishes new $300M at-the-market equity program
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- Entered into Sales Agreements with Barclays, BofA, BTIG, Capital One, Citi, JPM, KeyBanc, Regions, TD, Wells Fargo to sell up to $300M of common shares.
- Previous $300M ATM program dated November 2018 had no shares sold and has been terminated.
- Also entered into Master Forward Confirmations for forward sale agreements with terms of 3 to 24 months.
- Agents receive commission up to 2.0% of gross sales price; net proceeds to fund development, reduce debt, finance acquisitions.
- Shares issued under shelf registration statement (No. 333-264198) filed April 8, 2022, with prospectus supplement dated May 16, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860546/000110465922061521/0001104659-22-061521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860546/000110465922061521/tm2215497d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-061521

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