DRA CRT Acquisition Corp. Pfd (DCAQP)

[Enterprising Investor]

DRA CRT Acquisition Corp. Announces Redemption on January 2, 2015 of Its 8-1/2% Series A Cumulative Redeemable Preferred Stock (12/02/14)

NEW YORK--(BUSINESS WIRE)--DRA CRT Acquisition Corp. (OTC:DCAQP.PK) (the “Company”) announced today that the Company is redeeming all of the outstanding shares (the “Shares”) of its 8-1/2% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) on January 2, 2015 (the “Redemption Date”). Pursuant to the terms of the Preferred Stock, the redemption price of $25.00 per Share (the “Redemption Price”), plus all accrued and unpaid or accumulated dividends through the Redemption Payment Date in the amount of $0.10625 per Share, will be paid in cash on January 2, 2015 (the “Redemption Payment Date”) to holders of the Shares who properly deliver their Shares on or before the Redemption Date.

Payment of the Redemption Price (together with accrued and unpaid or accumulated dividends as aforesaid) of the redeemed Shares will be made on the Redemption Payment Date upon presentation and surrender of the certificates representing the redeemed Shares on or before the Redemption Date to Wells Fargo Bank, N.A. (the “Redemption Agent”). If delivered by mail, certificates should be sent to P.O. Box 64858, St. Paul, MN 55164-0858, Attn: Corporate Actions Department.

The redeemed Shares will no longer be deemed outstanding on and after the Redemption Date and all rights with respect to the Shares will cease, except only the right of the holders thereof to receive the Redemption Price (together with accrued and unpaid or accumulated dividends).

Unless the Company defaults in the deposit of the Redemption Price (together with accrued and unpaid or accumulated dividends) with the Redemption Agent, dividends on the Shares called for redemption will cease to accrue on and after the Redemption Date and the only remaining right of the holder thereof is to receive payment of the Redemption Price (together with accrued and unpaid or accumulated dividends) upon surrender to the Redemption Agent of the certificates representing the redeemed Shares.

About DRA CRT Acquisition Corp.

DRA CRT Acquisition Corp. is a Delaware real estate investment trust (“REIT”). As of September 30, 2014, the Company owned 6 real estate investments consisting of office investments and land parcels, totaling approximately 3.4 million rentable square feet, located in 6 suburban office areas in Florida, Georgia and Tennessee.

http://www.businesswire.com/news/home/20141202006009/en/DRA-CRT-Acquisition-Corp.-Announces-Redemption-January#.VH3SfYl0yUl

[Enterprising Investor]

DRA CRT Acquisition Corp. Declares Quarterly Dividend on Preferred Stock (11/20/14)

NEW YORK--(BUSINESS WIRE)--DRA CRT Acquisition Corp. (the “Company”), announced today that its Board of Directors has declared a regular quarterly cash dividend payment of $0.53125 per share on its 8-½% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) to be paid on December 15, 2014 to shareholders of record on December 1, 2014.

The Company's 8-½% Series A Cumulative Redeemable Preferred Stock has been quoted on the OTC Pink market, operated by the OTC Markets Group, Inc., under the symbol “DCAQP.”

As was previously announced, upon the completion, on September 27, 2005, of the merger of CRT Properties, Inc. (“CRT Properties”) with and into the Company and the conversion of CRT Properties' 8-½% Series A Cumulative Redeemable Preferred Stock on a 1:1 basis into shares of 8-½% Series A Cumulative Redeemable Preferred Stock of the Company, such preferred stock was delisted from the New York Stock Exchange and the Company does not file periodic and other reports with the Securities and Exchange Commission.

Additional information regarding the Company's 8-½% Series A Cumulative Redeemable Preferred Stock will be provided as it becomes available and is available at www.draadvisors.com.

About DRA CRT Acquisition Corp.

DRA CRT Acquisition Corp. is a Delaware real estate investment trust (“REIT”). As of September 30, 2014, the Company owned 6 real estate investments consisting of office investments and land parcels, totaling approximately 3.4 million rentable square feet, located in 6 suburban office areas in Florida, Georgia and Tennessee.

http://www.businesswire.com/news/home/20141120006485/en/DRA-CRT-Acquisition-Corp.-Declares-Quarterly-Dividend#.VG5eEvnF98E

[Enterprising Investor]

DRA Sells Fort Lauderdale’s Broward Financial Center for $112M, Reels in $61M in Financing (11/14/14)

DRA Advisors L.L.C. has sold Broward FinanBroward Financial Centercial Center in Fort Lauderdale to AGS Property Corp., and HFF did double duty on the $112 million deal. The commercial real estate services provider marketed the 324,400-square-foot office property on DRA’s behalf and secured $61 million in acquisition financing for AGS.

Investors took a shine to the South Florida asset, which sits at 500 E. Broward Blvd. in Fort Lauderdale’s central business district. “There was quite a bit of interest from both institutional and foreign investors,” Hermen Rodriguez, senior managing director with HFF, told Commercial Property Executive. The buyer, AGS, is a Brazil-based company. “There’s great bullishness [among investors] regarding the continued growth in rental rates in downtown Fort Lauderdale,” he added.

DRA had owned Broward Financial Center since 2005, when it joined forces with Colonial Properties Trust to acquire CRT Properties Inc. for $1.8 billion. Developed in 1986 and most recently renovated in 2007, the 24-story tower is presently 90 percent leased to a notable roster of tenants that includes Fox Sports Net Florida Inc., Premier Beverage Co., Sun-Sentinel Company and the Social Security Administration.

Once Rodriguez and his colleagues on HFF’s investment sales team had landed AGS as a buyer, HFF’s debt placement group went to work. The group orchestrated a 10-year, fixed-rate loan for AGS, provided by Morgan Stanley Mortgage Capital, Inc. with HFF as servicer of the securitized loan.

http://www.cpexecutive.com/regions/southeast/dra-sells-fort-lauderdales-broward-financial-center-for-112m-reels-in-61m-in-financing/1004107331.html

[h_man_investor]

8.9% div yield at $23.875. Likely to get called with the high costs of capital on these.

[h_man_investor]

Should trade ex-div today.

[Enterprising Investor]

Dividend payment on 9/15/14 equals $6.375 per share.

[Enterprising Investor]

DRA CRT Acquisition Corp. Declares Quarterly Dividend on Preferred Stock (8/18/14)

NEW YORK--(BUSINESS WIRE)--DRA CRT Acquisition Corp. (the “Company”), announced today that its Board of Directors has declared a regular quarterly cash dividend payment of $0.53125 per share on its 8-½% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) to be paid on September 15, 2014 to shareholders of record on September 1, 2014. In addition, the Board has declared the cash dividends on its Preferred Stock that have cumulated but have not been declared since the date that the last quarterly dividend was declared and paid (September 15, 2011). The cumulative dividends, in the aggregate amount of $5.84375 per share for the 11 quarterly periods, will also be paid on September 15, 2014 to shareholders of record as of September 1, 2014.

The Company's 8-½% Series A Cumulative Redeemable Preferred Stock has been quoted on the OTC Pink market, operated by the OTC Markets Group, Inc., under the symbol “DCAQP.”

As was previously announced, upon the completion, on September 27, 2005, of the merger of CRT Properties, Inc. (“CRT Properties”) with and into the Company and the conversion of CRT Properties' 8-½% Series A Cumulative Redeemable Preferred Stock on a 1:1 basis into shares of 8-½% Series A Cumulative Redeemable Preferred Stock of the Company, such preferred stock was delisted from the New York Stock Exchange and the Company does not file periodic and other reports with the Securities and Exchange Commission.

Additional information regarding the Company's 8-½% Series A Cumulative Redeemable Preferred Stock will be provided as it becomes available and is available at www.draadvisors.com.

About DRA CRT Acquisition Corp.

DRA CRT Acquisition Corp. is a Delaware real estate investment trust (“REIT”). As of June 30, 2014, the Company owned 7 real estate investments consisting of office investments and land parcels, totaling approximately 3.6 million rentable square feet, located in 7 suburban office areas in Florida, Georgia, Tennessee and Texas.

http://www.businesswire.com/news/home/20140818005933/en/DRA-CRT-Acquisition-Corp.-Declares-Quarterly-Dividend#.U_Jw-Il0yUk