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Gramercy Property Trust to redeem series A preferreds on Sept. 12
By Susanna Moon
Chicago, Aug. 15 – Gramercy Property Trust Inc. issued a call Wednesday to redeem its outstanding shares of series A preferred stock, according to an 8-K filing with the Securities and Exchange Commission.
The company will redeem all outstanding shares of the preferreds at $25.32161 per share, which is the sum of the $25.00 per share redemption price and a quarterly dividend of $0.32161 prorated to the redemption date of Sept. 12.
Gramercy is a New York-based real estate investment trust.
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