Cottonwood Communities launches $150M Series 2025 Preferred Stock offering at 6.5% dividend rate

Cottonwood Communities, Inc.

Authorized 15M shares of Series 2025 Preferred Stock at $10/share; 6.5% annual dividend (rising to 7% by 2030).
Mandatory redemption on Dec 31, 2028, with two one-year extension options at $10/share plus accrued dividends.
Managing broker dealer agreement signed; selling commissions up to 6%, placement fees up to 3.25% of gross proceeds.
During Jan 6-12, 2025, issued 153,691 Series A Convertible Preferred shares for aggregate proceeds of $1.48M.
As of Jan 12, 2025, 6,084,953 Series A Convertible Preferred shares outstanding.

item 1.01 item 3.03 item 3.02 item 5.03 item 9.01

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

Cottonwood Communities, Inc.: Filed Series 2025 Preferred Stock Articles Supplementary designating rights, preferences and privileges of a new series of preferred stock (effective 2024-12-05).

Change: charter amendment
Effective: 2024-12-05

Exact text from the filing

On December 5, 2024, the Company filed the Series 2025 Preferred Stock Articles Supplementary with the SDAT designating the rights, preferences and privileges of the Series 2025 Preferred Stock.

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Source: SEC EDGAR

accession 0001692951-25-000053

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