Preferred Stock Calendar

Nov. 4 Week

DEPARTMENT OF THE TREASURY: Auction of TARP preferreds issued by seven banks, including AB&T Financial Corp. of Gastonia, N.C.; Bridgeview Bancorp, Inc. of Bridgeview, Ill.; Madison Financial Corp. of Richmond, Ky.; Midtown Bank & Trust Co. of Atlanta; Pacific City Financial Corp. of Los Angeles; United American Bank of San Mateo, Calif.; and Village Bank and Trust Financial Corp. of Midlothian, Va.; auctions to begin on Monday and close at 6 p.m. ET on Thursday.

On The Horizon

AVIANCA HOLDINGS SA: Up to $100 million of preferred stock; J.P. Morgan Securities LLC, Citigroup Global Markets Inc., BofA Merrill Lynch, UBS Securities LLC, BTG Pactual and Deutsche Bank Securities Inc. (joint); proceeds to fund fleet modernization plan and for general corporate purposes; Colombia-based airline.

POWER REIT: Series A cumulative redeemable perpetual preferred stock; redeemable in 2018 or in the case of a delisting event or change of control; mandatorily redeemable if not listed on an exchange by 2018; company to market and place shares itself; proceeds to be used for acquisitions, to retire debt or for working capital; Old Bethpage, N.Y.-based real estate investment trust.

RADIANT LOGISTICS INC.: Up to $28.75 million of series A cumulative redeemable preferred stock; callable in 2018; dividend step-up feature; Sterne Agee & Leach Inc. and Janney Montgomery Scott LLC (joint); proceeds will be used to retire the outstanding balance owed under the senior subordinated notes issued to Caltius and to reduce the amount outstanding under a $30 million credit facility with Bank of America Corp.; Bellevue, Wash.-based non-asset based transportation and logistics services company providing domestic and international freight forwarding services.

VANTAGESOUTH BANCSHARES INC.: $50 million of fixed-to-floating-rate noncumulative perpetual preferreds; redeemable upon a regulatory capital treatment event or after a certain date; Keefe, Bruyette & Woods, Inc. and Sandler O'Neill + Partners LP; proceeds to buy back TARP preferreds and warrants from Treasury Department; Raleigh, N.C.-based bank holding company.

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