Cedar Realty Trust Announces Redemption Of 8.875% Series A Preferred Stock
Cedar Realty Trust (NYSE: CDR) today announced that it is redeeming all the remaining 1,407,969 outstanding shares of its 8.875% Series A Cumulative Redeemable Preferred Stock, using proceeds from its recently announced underwritten public offering of 7.25% Series B Cumulative Redeemable Preferred Stock. The Series A Preferred Stock will be redeemed at a price of $25.00 per share plus all accrued and unpaid dividends up to (but excluding) the redemption date.
The notice of redemption and related materials will be mailed to the registered holders of Series A Preferred Stock on or about February 7, 2013. Questions relating to, and requests for additional copies of, the notice of redemption and the related materials should be directed to the redemption agent, American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, New York 11219, Attention: Reorganization Department at 877-248-6417.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.