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EastGroup calls its 7.95% preferreds
By Susanna Moon
Chicago, June 2 - EastGroup Properties, Inc. said it will redeem all of its 1.32 million shares of 7.95% series D cumulative redeemable preferred stock.
The redemption date is July 2.
EastGroup said it will pay $25.00 per preferred plus accrued dividends from July 1 through the redemption date of $0.011 per preferred, for a total redemption price of $25.011 per preferred.
The company previously announced that a quarterly dividend of $0.4969 per preferred would be paid on July 15 to shareholders of record on June 30.
Wells Fargo Bank, NA (800 468-9716) is the redemption agent.
The issuer is a self-administered equity real estate investment trust based in Jackson, Miss.
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