Retail Properties to redeem all 7% series A preferreds on Dec. 20

By Sarah Lizee

Olympia, Wash., Oct. 26 – Retail Properties of America, Inc. said it will redeem all 5.4 million outstanding shares of its 7% series A cumulative redeemable preferred stock on Dec. 20, according to a press release.

The preferred stock will be redeemed for cash at a redemption price of $25.00 per share, plus $0.3840 per share in accrued dividends up to but excluding the redemption date.

The company is an Oak Brook, Ill.-based real estate investment trust.

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