8/5/2014 -- Vornado Realty Trust (VNO) announced that Vornado Realty L.P., the operating partnership through which Vornado Realty Trust conducts its business and holds substantially all of its assets, has today called for redemption of all of the $445 million principal amount of its outstanding 7.875% Public Income Notes, or PINES. The Notes, which were scheduled to mature on October 1, 2039, will be redeemed on October 1, 2014 at a redemption price of 100% of the principal amount plus accrued interest to the redemption date.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Vornado Realty L.P., 7.875% Public Income NotES (PINES) Due 10/1/2039, issued in $25 denominations, redeemable at the issuer's option on or after 10/1/2014 at $25 per share plus accrued and unpaid interest, and maturing 10/1/2039. Interest distributions of 7.875% ($1.96875) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date which will be 12/15, 3/15, 6/15 & 9/15 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such 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. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the Vornado Realty L.P. and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.88% $1.96875	$25.00 $25.00	Called for 10/01/2014 10/01/2039	Baa2 BBB 6/26/2014	1/1, 4/1, 7/1 & 10/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   888 Seventh Avenue, New York, NY 10019
Main Phone Number	212-894-7000
Fax Number	201-587-0600
Investor Contact (CFO)   Joseph Macnow	201-587-1000
Toll Free Phone Number	Unknown

CEO - Michael D. Fascitelli

CFO - Joseph Macnow