Key Developments: American Realty Capital Properties Inc (ARCP.O)

ARCP.O on Nasdaq

13.16USD
29 Aug 2014
Price Change (% chg)

$0.03 (+0.23%)
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$13.13
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Latest Key Developments (Source: Significant Developments)

American Realty Capital Properties Inc announces monthly common stock and series F preferred stock dividends for Sept. 2014
Wednesday, 20 Aug 2014 04:05pm EDT 

American Realty Capital Properties Inc:Declares annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at the close of business on the 8thday of each month, payable on the 15thday of such month.Accordingly, on Sept. 15, it will pay a distribution of $0.0833333 per share to holders of common stock of record at the close of business on Sept. 8.Additionally, it will pay a monthly dividend to holders of its 6.70pct Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share, in respect of the period commencing Aug. 15, 2014 through Sept. 14, on Sept. 15.Holders of Series F Preferred Stock on Sept. 1 will be eligible to receive such dividend.Dividend for the Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.  Full Article

American Realty Capital Properties Inc maintains FY 2014 AFFO guidance
Tuesday, 29 Jul 2014 06:15am EDT 

American Realty Capital Properties Inc:Maintains FY 2014 AFFO per share guidance of $1.13-$1.19.  Full Article

American Realty Capital Properties Inc maintains dividend
Tuesday, 29 Jul 2014 06:15am EDT 

American Realty Capital Properties Inc:Maintained dividend at $1.00 per share on an annualized basis.  Full Article

American Realty Capital Properties closes $1.5 bln Red Lobster sale-leaseback transaction with Darden Restaurants Inc
Monday, 28 Jul 2014 04:14pm EDT 

American Realty Capital Properties Inc:Closes about 500 Red Lobster restaurant properties as part of an about $1.5 bln sale-leaseback transaction.Transaction was completed in conjunction with Golden Gate Capital's (GGC) acquisition of Red Lobster from Darden Restaurants Inc.  Full Article

American Realty Capital Properties Inc announces monthly common stock and series f preferred stock dividends for Aug. 2014
Tuesday, 22 Jul 2014 05:15pm EDT 

American Realty Capital Properties Inc:Declares annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at close of business on the 8th day of each month, payable on 15th day of such month.Accordingly, on Aug. 15, 2014, ARCP will pay distribution of $0.0833333 per share to holders of common stock of record at the close of business on Aug. 08, 2014.Additionally, ARCP will pay monthly dividend to holders of 6.70 pct Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share, in respect of period commencing July 15, 2014 through Aug. 14, 2014, on Aug. 15, 2014.Holders of Series F Preferred Stock on Aug. 01, 2014 will be eligible to receive such dividend.Dividend for Series F Preferred Stock accrues daily on a 360-day annual basis equal to an annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.  Full Article

American Realty Capital Properties Inc announces monthly common stock and series F preferred stock dividends for July 2014
Thursday, 26 Jun 2014 04:15pm EDT 

American Realty Capital Properties Inc:Declares annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at close of business on the 8thday of each month, payable on 15thday of such month.Accordingly, on July 15, 2014, ARCP will pay distribution of $0.0833333 per share to holders of common stock of record at close of business on July 8, 2014.Additionally, ARCP will pay monthly dividend to holders of its 6.70 pct Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share (Series F Preferred Stock), in respect of the period commencing June 15, 2014 through July 14, 2014, on July 15, 2014.Holders of Series F Preferred Stock on July 1, 2014 will be eligible to receive such dividend.Dividend for Series F Preferred Stock accrues daily on a60-day annual basis equal to annualized dividend rate of $1.675 per share, or $0.1395833 per 30-day month.  Full Article

DDR Corp and Blackstone form joint venture to acquire 76 shopping centers from American Realty Capital Properties, Inc
Thursday, 12 Jun 2014 06:00am EDT 

DDR Corp:Says DDR Corp and an affiliate of Blackstone Real Estate Partners VII announced the formation of a third joint venture to acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc.The joint venture has executed a purchase and sale agreement to acquire the portfolio in a transaction valued at $1.975 billion, including assumed debt of $461 million and about $800 million of new financings.Blackstone owns 95 pct. of the common equity of the joint venture and an affiliate of DDR owns the remaining 5 pct.Says DDR will also invest up to a maximum of $300 million in preferred equity in the joint venture with a fixed dividend rate of 8.5 pct., and has agreed to provide customary leasing and management services.Says in addition, DDR will have the right of first offer to acquire ten of the assets under specified conditions consistent with past transactions.Says this acquisition is anticipated to close in the third quarter of 2014 and non-prime asset sales within the portfolio are expected to commence thereafter as a result of active portfolio management within the joint venture.  Full Article

American Realty Capital Properties Inc announces closing of follow-on public offering of 138,000,000 shares of common stock
Wednesday, 28 May 2014 12:15pm EDT 

American Realty Capital Properties Inc:Closes public offering of 138,000,000 shares of its common stock, par value $0.01 per share, at a price of $12 per share (before underwriting discounts and commissions).Says 138,000,000 shares sold include exercise in full by the underwriters of their option to purchase up to 18,000,000 shares.Received total net proceeds of about $1.59 bln, after deducting underwriting discounts, commissions and estimated expenses.BofA Merrill Lynch, Citigroup, Barclays, J.P. Morgan, Capital One Securities, Credit Suisse, Deutsche Bank Securities and Wells Fargo Securities acted as joint bookrunners for the offering.  Full Article

American Realty Capital Properties Inc announces full exercise of underwriters' option to purchase additional shares
Thursday, 22 May 2014 07:09pm EDT 

American Realty Capital Properties Inc:Says the underwriters for its previously announced public offering have fully exercised their option to purchase an additional 18,000,000 newly issued shares of common stock, at a price of $12.00 per share (before underwriting discounts and commissions).The offering, including the option shares, is expected to close on May 28.  Full Article

American Realty Capital Properties announces monthly common stock and Series F preferred stock dividends for June 2014
Thursday, 22 May 2014 04:42pm EDT 

American Realty Capital Properties Inc:Declares an annualized common stock dividend of $1.00 per share to be paid monthly to holders of common stock of record at the close of business on the 8th day of each month, payable on the 15th day of such month.Accordingly, on June 13, it will pay a distribution of $0.0833333 per share to holders of common stock of record at the close of business on June 6.Says it will pay a monthly dividend to holders of its 6.70 pct Series F Cumulative Redeemable Preferred Stock, par value $0.01 per share in respect of the period commencing May 15 through June 14 on June 16.Holders of Series F Preferred Stock on June 1 will be eligible to receive such dividend.  Full Article

American Realty to sell its shopping centers to Blackstone

- American Realty Capital Properties Inc said it planned to sell nearly all of its shopping centers to Blackstone Group LP for $1.98 billion in cash.

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