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Regency Centers Corp., 6.625% Series 6 Cumulative Redeemable Preferred Stock
Ticker Symbol: REG-F* CUSIP: 758849707 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/16/2017
Security has been Called for: Thursday, February 16, 2017
January 17, 2017 -- Regency Centers Corporation announced today that it will redeem all of the issued and outstanding (10,000,000) 6.625% Series 6 Cumulative Redeemable Preferred Shares (CUSIP: 758849 707; NYSE: REGPrF). The Preferred Stock will be redeemed on February 16, 2017. The redemption price for the Preferred Stock will be $25.21163 per share, which is equal to $25.00 plus accrued and unpaid dividends to, but excluding, the Redemption Date. The aggregate amount being paid to effect the redemption of the Preferred Stock is $252,116,300.00. The redemptions will be in accordance with the Depository Trust Company’s procedures. To collect the redemption price, holders of the Preferred Stock must surrender their shares to Broadridge Corporate Issuer Solutions, Inc., the redemption and paying agent. Questions relating to these redemptions should be directed to Broadridge Corporate Issuer Solutions, Inc. at 1-855-449-0975. After the Redemption Date, dividends on the Preferred Stock 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 the redemption is a redemption in full, the Preferred Stock will be delisted from trading on the New York Stock Exchange.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Regency Centers Corp., 6.625% Series 6 Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 2/16/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.625% ($1.65625) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date which will be the first calendar day of the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control the company will have the option to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% 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 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 - 2/9/2012 - 10.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: REGPP Changed: 2/16/2012
Market Value $250.0 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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