National Retail Props (NNN) to Redeem ~$92M of Series C Preferred
National Retail Properties, Inc. (NYSE: NNN) announced that it intends to redeem all outstanding depositary shares (3,680,000) representing interests in its 7.375% Series C Cumulative Redeemable Preferred Stock (NYSE: NNNPRC). The Series C Preferred Shares will be redeemed on March 15, 2012 at $25.00 per depositary share, plus all accumulated and unpaid distributions through the redemption date, for an aggregate redemption price of $25.1075521 per depositary share. After the redemption date, dividends on the Series C Preferred Shares will cease to accrue.
The redemptions will be made in accordance with The Depositary Trust Company's procedures. The Series C Preferred Shares shall be surrendered for payment of the redemption price to American Stock Transfer and Trust Company, the redemption and paying agent.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
The redemptions will be made in accordance with The Depositary Trust Company's procedures. The Series C Preferred Shares shall be surrendered for payment of the redemption price to American Stock Transfer and Trust Company, the redemption and paying agent.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- NiMin Energy Announces Annual and Special Meeting Information and Amendment to Senior Loan
- Chinese official has said Chinese banks may fall short of the 2012 lending goal -Bloomberg
- Watson Pharma (WPI) Confirms Patent Challenge on Testim from Auxilium
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
