Presidio Property Trust launches offer to exchange Series D preferred for common stock
Presidio Property Trust began an exchange offer for all outstanding shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, with each tendered share receiving 5.5 shares of Series A Common Stock. The offer expires October 2, 2026, unless extended or terminated, and the filing says the Board approved it but makes no recommendation to holders on whether to participate. Shareholders should note that the exchange would change the company's capital structure by converting preferred holdings into common shares.
Key points
- As of September 2, 2026, 973,736 shares of Series D Preferred Stock were outstanding.
- Each validly tendered Series D share receives 5.5 shares of Common Stock.
- The offer expires at 11:59 p.m. New York City time on October 2, 2026, unless extended or terminated early.
- Certain directors and executive officers have indicated they intend to tender their shares, on the same terms as other holders; the offer is not contingent on a minimum tender.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 02, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.