WP Glimcher calls all $117.5 million series G cumulative preferreds

By Tali Rackner

Norfolk, Va., March 12 – Washington Prime Group Inc., doing business as WP Glimcher, called all $117.5 million of its 8.125% series G cumulative redeemable preferred stock, according to a news release.

The 4.7 million preferreds will be redeemed on April 15 at $25 per share plus accrued dividends of $0.5868 per share, for a total payment of $25.5868 per share.

Each series G preferred was originally converted from one 8.125% series G cumulative redeemable preferred share of Glimcher Realty Trust as a result of the Jan. 15 merger of Glimcher with Washington Prime.

WP Glimcher is a Columbus, Ohio-based retail real estate investment trust.

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