Company: HPP
Filing Date: 2025-02-25
Form Type: POSASR
Source: 0001193125-25-035221
Chunk: 27

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: POSASR
Chunk 27
---
ation preference of approximately $9.8 million as of December 31, 2024, in the
case of our liquidation, dissolution or winding up. The series C preferred stock also ranks junior in right of payment to our other existing and future debt obligations.

Dividends

Subject to the preferential rights of the
holders of any class or series of our capital stock ranking senior to the series C preferred stock with respect to dividend rights, holders of series C preferred stock are entitled to receive cumulative cash dividends on the series C preferred stock
from and including the date of original issue, payable quarterly in arrears on or about the last calendar day of March, June, September and December of each year, at the rate of 4.750% per annum of the $25.00 liquidation preference per share
(equivalent to an annual amount of $1.1875 per share). Dividends on the series C preferred stock will accrue whether or not the Company has earnings, whether or not there are funds legally available for the payment of such dividends and whether or
not such dividends are authorized or declared.

Liquidation Preference

In the event of a liquidation, dissolution or winding up, holders of the series C preferred stock will have the right to receive $25.00 per share, plus accrued
and unpaid dividends (whether or not earned or declared) up to but excluding the date of payment, before any payment is made to holders of the common stock and any other class or series of stock ranking junior to the series C preferred stock as to
liquidation rights. The rights of holders of series C preferred stock to receive their liquidation preference will be subject to the proportionate rights of any other class or series of stock ranking on parity with the series C preferred stock as to
liquidation.

Optional Redemption

The series C
preferred stock may not be redeemed prior to November 16, 2026, except in limited circumstances to preserve the Company’s status as a REIT and pursuant to the special optional redemption right described below. On and after
November 16, 2026, the series C preferred stock will be redeemable at the Company’s option, in whole or in part at any time or from time to time, for cash at a redemption price of $25.00 per share, plus accrued and unpaid dividends
(whether or not authorized or declared) up to but excluding the redemption date. However, unless full cumulative dividends on the series C preferred stock for all past dividend periods