DRA CRT Acquisition to redeem all 8½% series A cumulative preferreds

By Tali Rackner

Norfolk, Va., Dec. 2 – DRA CRT Acquisition Corp. will redeem all outstanding shares of its 8½% series A cumulative redeemable preferred stock on Jan. 2, according to a press release.

The stock will be redeemed in cash at $25 per share plus accrued dividends of $0.10625 per share.

Wells Fargo Bank, NA is the redemption agent.

DRA CRT, formerly CRT Properties Inc., is a real estate investment trust based in New York with office investments and land parcels in Florida, Georgia, Tennessee and Texas.

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