Non-convertible Preferred Equity

In a market environment where investors are eagerly seeking yield, MLV & Co has developed particular expertise in underwriting Non-Convertible Cumulative Preferred equity. As proven by our successful execution, we are able to raise significant amounts of capital for the issuer at yields comparable to an issuer’s senior debt. MLV’s expertise in issuing preferred stock stems from our unique “in-house” structuring and pricing expertise.

Some of the benefits of issuing preferred equity through MLV & Co include:

• Yields comparable with corresponding senior notes
• Preferred stock structured to qualify for equity treatment under GAAP
• No debt covenants
• No dilution related to common equity issuance
• No arbitrage/shorting opportunities typically associated with convertible preferred
• Ease of implementation