Caliber Announces $20 Million Preferred Stock Offering

CaliberCos Inc. has announced that the U.S. Securities and Exchange Commission (SEC) has qualified its offering statement for a new series of preferred stock. This announcement introduces the Series AA Cumulative Redeemable Preferred Stock with hopes of raising $20 million by offering 800,000 shares, each having an initial value of $25.00. The Series AA Preferred Stock is structured to rank senior to Caliber's Class A and Class B common stock, particularly concerning dividend rights and rights following corporate dissolution. The stock comes with cumulative monthly dividends set at an annual rate of 9.5%, ensuring regular interest accrual even if the board does not explicitly declare it. Redemption of the Series AA Preferred Stock is mandated within three years. Prospective investors are advised to consult Caliber’s online resources for further details. It's important to note that this offering comes with high risks, potentially resulting in total investment losses. There is also no immediate public market for these shares, adding to investment challenges. Caliber, a sophisticated real estate investor and manager with over $2.9 billion in managed assets, seeks to leverage its competitive advantages, investing differently than global real estate institutions, and offers multiple participation routes for investors.