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Alexandria Real Estate Equities, 9.50% Series A Cumul Redeem Preferred Stock
Ticker Symbol: ARE-A* CUSIP: 015271208 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/07/2004
Security has been Called for: Wednesday, July 7, 2004
June 1, 2004 -- Alexandria Real Estate Equities, Inc. announced today that it will redeem all 1,543,500 of its outstanding shares of 9.50% Series A Cumulative Redeemable Preferred Stock (NYSE: ARE PrA) (CUSIP 015271208) on July 7, 2004. The preferred stock will be redeemed at a redemption price of $25.00 per share, plus $0.5409722 per share representing accumulated and unpaid dividends to the redemption date.
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The notice of redemption will be mailed to record holders of the shares of the Series A Preferred Stock on or about June 7, 2004.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Alexandria Real Estate Equities Inc., 9.50% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/11/2004 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9.50% per annum paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the last business day of the month prior to the payment date or 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 regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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 (ARE)
IPO - 6/9/1999 - 1.40 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $35.7 Million
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: 385 East Colorado Boulevard, Suite 299, Pasadena, CA 91101 |
Main Phone Number |
626-578-0777 |
Fax Number |
626-578-0896 |
Investor Contact (CEO)
Joel S. Marcus
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626-396-4828
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Toll Free Phone Number |
Unknown |
CEO - Joel S. Marcus |
CFO - Dean A. Shigenaga |
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