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Published on 8/1/2016 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Vornado Realty Trust to redeem all 6.875% series J preferreds Sept. 1

By Angela McDaniels

Tacoma, Wash., Aug. 1 – Vornado Realty Trust will redeem all of its outstanding 6.875% series J cumulative redeemable preferred shares on Sept. 1, according to a company news release.

The redemption price is $25 per share, or $246.25 million in the aggregate, plus accrued dividends through the date of redemption.

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

Vornado is a real estate investment trust based in New York.


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