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Vornado Realty Trust, 6.625% Series G Cumul Redeem Preferred Shares
Ticker Symbol: VNO-G* CUSIP: 929042802 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/04/2018
Security has been Called for: Thursday, January 4, 2018
December 6, 2017 -- VORNADO REALTY TRUST announces that it has called for redemption all of its $200 million outstanding 6.625% Series G Cumulative Redeemable Preferred Shares and $150 million of its $270 million outstanding 6.625% Series I Cumulative Redeemable Preferred Shares on January 4, 2018, at a redemption price of $25 per share, plus accrued and unpaid dividends through the date of redemption. ____________ December 4, 2017 -- .VORNADO REALTY TRUST today announced the pricing of a public offering of $300 million perpetual 5.25% Series M Cumulative Redeemable Preferred Shares, at a price of $25.00 per share, pursuant to an effective registration statement. The Company will use the net proceeds and cash on hand to redeem all of its $200 million 6.625% Series G Cumulative Redeemable Preferred Shares and $150 million of its $270 million 6.625% Series I Cumulative Redeemable Preferred Shares.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Vornado Realty Trust, 6.625% Series G Cumulative Redeemable Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/22/2009 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 6.625% ($1.65625) 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 (NOTE: the ex-dividend date is at least one business day prior to the record date). 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 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 - 12/16/2004 - 8.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: VNOGP Changed: 12/31/2004
Market Value $200.0 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: 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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212-894-7000
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Toll Free Phone Number |
Unknown |
CEO - Steven Roth |
CFO - Joseph Macnow |
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