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STAG to redeem 3 million outstanding shares of 6.875% preferreds
By Taylor Fox
New York, March 1 – STAG Industrial, Inc. plans to redeem its outstanding 3 million shares of 6.875% series C cumulative redeemable preferred stock, according to an 8-K filing with the Securities and Exchange Commission.
The shares will be redeemed at $25 per share plus interest on March 31.
STAG Industrial is a Boston-based real estate investment trust focused on single-tenant industrial properties.
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