Atlanticus Holdings
Atlanticus Holdings Corporation
Atlanticus Holdings Corporation 7.625% Series B Cumulative Perpetual Preferred Stock is a perpetual preferred equity security issued by Atlanticus Holdings Corporation, a financial technology company headquartered in Atlanta, Georgia, and founded in 1996. This stock carries a fixed annual dividend rate of 7.625% based on its $25.00 liquidation preference, equating to $1.90625 per share paid cumulatively, typically quarterly. As cumulative preferred stock, any unpaid dividends accrue and must be settled in full before distributions to common shareholders, offering priority in dividend payments and liquidation scenarios after debt holders but ahead of common equity. Perpetual in nature, it lacks a maturity date, enabling indefinite dividend payments provided the issuer remains operational. Issued as part of a public offering of 2,800,000 shares with no par value, it supports Atlanticus Holdings Corporation's operations in Credit as a Service (CaaS), encompassing private-label and general-purpose credit cards across retail, healthcare, and partnerships, alongside its Auto Finance segment serving loans for independent automotive dealers in the buy-here-pay-here market. This preferred stock plays a key role in the financial services sector by providing issuers a means to raise capital while delivering income-oriented features to investors seeking stability over common stock volatility.
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Location
Five Concourse Parkway
Atlanta, GA, 30328
United States