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Regency Centers Corp., 6.70% Dep Shares Series 5 Cumul Redeem Preferred Stock
Ticker Symbol: REG-E* CUSIP: 758849608 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/15/2012
Security has been Called for: Thursday, September 13, 2012
Aug 14, 2012 -- Regency Centers Corporation announced today that it will redeem all of the issued and outstanding shares (3,000,000) of its 6.70% Series 5 Cumulative Redeemable Preferred Shares (“Series 5 Stock”; CUSIP: 758849608; NYSE: REGPrE). The Series 5 Stock will be redeemed on September 13, 2012. The redemption price for the Series 5 Stock will be $25.34431 per share, which is equal to $25.00 par value plus accrued and unpaid dividends to, but excluding, the redemption date. The aggregate amount being paid to effect the redemption of the Series 5 Stock is $76,032,930. The redemptions will be in accordance with the Depository Trust Company’s procedures. To collect the redemption price, holders of the shares of preferred stock must surrender their shares to Wells Fargo Bank, N.A., the redemption and paying agent. Questions relating to these redemptions should be directed to Wells Fargo Bank, N.A. at 1-800-468-9716.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Regency Centers Corp., 6.70% Series 5 Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 8/02/2010 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 6.70% ($1.675) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the first day of the month in which the payment is made or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (REG)
IPO - 7/29/2005 - 3.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: REGJP Changed: 8/02/2005
Market Value $75.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Independent Drive, Suite 114, Jacksonville, FL 32202 |
| Main Phone Number |
904-598-7000 |
| Fax Number |
904-634-3428 |
| Investor Contact
Patrick Johnson
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904-598-7422
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| Toll Free Phone Number |
800-950-6333 |
| CEO - Bruce M. Johnson |
CFO - J. Christian Leavitt |
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