Duke Realty calls all 6.95% series M cumulative redeemable preferreds

By Tali David

Minneapolis, Feb. 2 - Duke Realty Corp. called all 673,090 of its 6.95% series M cumulative redeemable preferred shares and its 6,730,900 depositary shares representing the series M preferreds, according to a news release.

The series M preferreds will be redeemed on March 5 at $250 per share, which is equivalent to a cash redemption price of $25 per series M depositary share, the company said. Holders of the depositary shares will receive $0.313715 in dividends, for a total redemption price of $25.313715 per series M depositary share.

The redemption agent is American Stock Transfer and Trust Co., LLC (800 937-5449).

Duke Realty is an Indianapolis-based real estate investment trust that owns and operates industrial and office space.

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