Innovative Industrial Properties Launches Public Offering of Preferred Stock
MT newswire2026/10/07 13:1909:19 AM EDT, 10/07/2026 (MT Newswires) -- Innovative Industrial Properties (IIPR) has launched a public offering of its series B cumulative redeemable preferred stock, the company said Wednesday. Innovative said it expects to grant the underwriters a 30-day overallotment option to purchase additional shares. The company said it plans to file an application to list the series B preferred stock on the New York Stock Exchange under the symbol "IIPR Pr B." Innovative said it intends to use the net proceeds to fund all or a portion of its remaining unfunded commitment under its mezzanine loan investment in the life science industry, with any remaining net proceeds allotted to fund investments and for general corporate purposes.
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