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Regency Centers Corp., 7.45% Dep Shares Series 3 Cumul Redeem Preferred Stock
Ticker Symbol: REG-C* CUSIP: 758849202 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/10/2012
Security has been Called for: Saturday, March 31, 2012
2/6/2012 -- Regency Centers Corporation announced today that it will exercise options to purchase all of the issued and outstanding 7.45% Series D Cumulative Redeemable Preferred Limited Partnership Units of its operating partnership, Regency Centers, L.P., and will redeem the following: 1. All of the issued and outstanding shares (3,000,000) of 7.45% Series 3 Cumulative Redeemable Preferred Shares (CUSIP: 758849301; NYSE: REGPrC) and 2. All of the issued and outstanding shares (5,000,000) of 7.25% Series 4 Cumulative Redeemable Preferred Shares (CUSIP: 758849509; NYSE: REGPrD). The Series 3 and Series 4 Cumulative Redeemable Preferred Shares will be redeemed on March 31, 2012. The redemption price for the Series 3 Cumulative Redeemable Preferred Shares will be $25.00 per share. The redemption price does not include the previously announced $0.46563 per share quarterly dividend that will be paid separately on April 2, 2012 to holders of record of the Series 3 Cumulative Redeemable Preferred Shares on March 1, 2012. The redemption price for the Series 4 Cumulative Redeemable Preferred Shares will be $25.00 per share. The redemption price does not include the previously announced $0.45313 per share quarterly dividend that will be paid separately on April 2, 2012 to holders of record of the Series 4 Cumulative Redeemable Preferred Shares on March 1, 2012. The aggregate amount being paid to effect the redemptions of the Series 3 and Series 4 Cumulative Redeemable Preferred Shares is $200 million. 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 Well Fargo Bank, N. A. at 1-800-468-9716. After the redemption date, dividends on Series 3 and Series 4 Cumulative Redeemable Preferred Shares will cease to accrue and such shares shall no longer be deemed outstanding and all rights of the holders in respect of such shares being redeemed will terminate, except for the right to receive the redemption price, without interest thereon. Because these redemptions are redemptions in full, the Series 3 and Series 4 Cumulative Redeemable Preferred Shares will be delisted from trading on the New York Stock Exchange.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Regency Centers Corp., Depositary Shares each representing 1/10 of a share of 7.45% Series 3 Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 4/03/2008 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7.45% ($1.8625) 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 - 3/31/2003 - 3.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
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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