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Lexington Realty Trust to Redeem All Outstanding Shares of Its 8.05% Series B Cumulative Redeemable Preferred Stock

Lexington Realty Trust (NYSE: LXP) today announced that it intends to redeem all of the outstanding 2,740,874 shares of its 8.05% Series B Cumulative Redeemable Preferred Stock on May 31, 2012 . Shares of 8.05% Series B Cumulative Redeemable Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid dividends up to and including the Redemption Date in the amount of $0.335417 per share, for a total redemption cost of $69,441,185.73.

On or after the Redemption Date, after which dividends will cease to accrue, the only remaining rights of holders of shares of 8.05% Series B Cumulative Redeemable Preferred Stock will be to receive payment of the redemption price, plus accumulated and unpaid dividends up to and including the Redemption Date.

Posted-In: News Offerings

 

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