Facebook
Linkedin
YouTube

PAC’s Sale to Blackstone Q & A

PAC’s Sale to Blackstone Q & A

Preferred Apartment Communities, Inc. (PAC) Redeemable Preferred Shares - all offerings PAC (APTS) Sale to Blackstone (BREIT) Transaction Q&A as of 2/16/22 WHAT? • Preferred Apartment Communites has entered a definitive agreement with Blackstone Real Estate Income Trust, at which BREIT will acquire all outstanding shares of common stock of PAC for $25.00 per share in an all -cash transaction valued at approximately $5.8B. Please click here for full press release. WHEN? • The transaction is expected to close on approximately June 1, 2022. The agreement also includes a 30 day "go-shop" period that expires on March 18, 2022. PREFERRED SHARES? • Holders of these shares will receive payment in the full amount of $1,000.00 per share, plus an amount of all accrued but unpaid dividends. Payment of shares should be expected within 30 days of closing, but subject to change. COMMON SHARES? • Holders of these shares will receive payment in the full amount of $25.00 per share. Payment of shares should be expected within 30 days of closing, but subject to change. WARRANTS? • You can still exercise your warrants until the transaction is closed, but that is subject to change. Warrants outstanding after the transaction closes are voided. Please see link to PAC's website for details: Warrant Exercise Form CURRENT M.1 OFFERING • Until further notice, there won't be any future M.1 closings. Future Opportunities ​​​​​​To learn more about other products your Broker Dealer is approved for, please reach out to our Sales Desk at 855-330-6594. For Investor Services issues please call 855-320-1414 Trust Advisory Group, Ltd. & AGES Financial Services, Ltd. | 444 Washington Street, Suite 407, Woburn, MA 01801 Unsubscribe 64b7nug679yc325.uz79z6@zapiermail.com Update Profile | About Constant Contact Sent by wmccance@tag-ages.com in collaboration with Try email marketing for free today!
No similar posts
No comments to read

Leave a Reply

Your email address will not be published. Required fields are marked *