SL Green Realty Corp. Announces Redemption of All Outstanding Shares of 7.875% Series D Cumulative Redeemable Preferred Stock

SL Green Realty Corp. SLG announced today it will redeem all 4,000,000 outstanding shares of its 7.875% Series D Cumulative Redeemable Preferred Stock (the “Preferred Stock”) SLG on July 13, 2012 (the “Redemption Date”). The shares of Preferred Stock will be redeemed at redemption price of $25.00 per share of Preferred Stock plus $0.4922 in accumulated and unpaid dividends on such Preferred Stock through July 14, 2012. From and after the Redemption Date, the only remaining rights of the holders of shares of the Preferred Stock will be to receive payment of the Aggregate Redemption Price. The Notice of Redemption and related materials will be mailed to holders of record of the Preferred Stock on June 11, 2012. Substantially all of the shares of Preferred Stock being called for redemption are held by Cede & Co., as nominee of The Depositary Trust Company (“DTC”). Accordingly, shares of Preferred Stock held in book-entry form through DTC will be redeemed according to DTC's procedures, including payment of the Aggregate Redemption Price. The Aggregate Redemption Price for any shares of Preferred Stock held through Direct Registration System on the records of the Paying Agent (as defined below) will be paid directly to the registered holders thereof by the Paying Agent on the Redemption Date.