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Glimcher Realty's 6.875% preferreds admitted to begin trading on NYSE
By Tali David
Minneapolis, April 3 - Glimcher Realty Trust's 6.875% cumulative redeemable preferred shares of beneficial interest have been admitted to trading on the New York Stock Exchange, according to a notice.
The shares trade under the symbol "GRT PR I."
The company priced an upsized $90 million of the preferreds on March 21.
As previously reported, Wells Fargo Securities LLC and BofA Merrill Lynch are the joint bookrunners.
Proceeds will be used to partly redeem the company's 8.125% series G cumulative redeemable preferred shares of beneficial interest. Any remaining funds will be used for general corporate purposes.
Glimcher is a Columbus, Ohio-based real estate investment trust.
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