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Vornado Realty Trust, 8.50% Series C Cumul Redeem Preferred Shares
Ticker Symbol: VNO-C* CUSIP: 929042406 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/19/2005
Security has been Called for: Wednesday, January 19, 2005
Dec. 16, 2004 -- Vornado Realty Trust today announced the pricing of a public offering of eight million 6.625% Perpetual Series G Cumulative Redeemable Preferred Shares, at a price of $25.00 per share, pursuant to an effective registration statement. The Company may redeem the Series G Preferred Shares at a redemption price of $25.00 per share after December 22, 2009. The net proceeds of approximately $193.5 million will be used to redeem the Company's $115 million 8.5% Series C Cumulative Redeemable Preferred Shares and $80 million of its $200 million 8.25% Series D-3 Perpetual Preferred Units. The Preferred Shares and Units will be redeemed on January 19, 2005 at a redemption price equal to $25.00 per share or unit plus accrued dividends.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Vornado Realty Trust, 8.5% Series C Cumulative Redeemable Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 5/17/2004 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.50% ($2.215) per annum paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the date fixed by the board, not more than 30 days prior to the payment date. 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 (VNO)
IPO - 5/19/1999 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $115.0 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: 888 Seventh Avenue, New York, NY 10019 |
| Main Phone Number |
212-894-7000 |
| Fax Number |
201-587-0600 |
| Investor Contact (CFO)
Joseph Macnow
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201-587-1000
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Toll Free Phone Number |
Unknown |
| CEO - Michael D. Fascitelli |
CFO - Joseph Macnow |
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