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Published on 8/22/2017 in the Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Equity LifeStyle to redeem all $136.1 million 6¾% series C preferreds

By Wendy Van Sickle

Columbus, Ohio, Aug. 22 – Equity LifeStyle Properties, Inc. will redeem all $136.1 million of its 6¾% series C cumulative redeemable perpetual preferred stock, according to a company news release.

Holders will receive $2,500 per share plus accrued dividends to the redemption date for a total of $2,540.3125 per share.

American Stock Transfer & Trust Co. LLC is the redemption agent.

Equity LifeStyle Properties is a real estate investment trust with headquarters in Chicago.


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