DDR plans to call 7 3/8% class H cumulative redeemable preferreds

By Susanna Moon

Chicago, April 28 - DDR Corp. said it plans to call its outstanding 7 3/8% class H cumulative redeemable preferred shares and the related depositary shares, each representing a twentieth of a share of the class H preferreds.

DDR plans to redeem 110,000 of the class H preferreds, represented by 2.2 million depositary shares on May 30.

The redemption price will be $504.6094 per class H preferred share, or $25.2305 per depositary share, which is the sum of $500.00 per class H preferred plus accrued dividends of $4.6094 per class H preferred to the redemption date or $25.00 per depositary share plus accrued dividends of $0.2305 per depositary share to the redemption date.

DDR is a real estate investment trust based in Beachwood, Ohio.

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