Arbor Realty Trust to redeem series A, B and C preferred stock

By William Gullotti

Buffalo, N.Y., May 26 – Arbor Realty Trust, Inc. announced on Wednesday that it will redeem all its outstanding series A, series B and series C preferred stock on June 24, according to a press release.

Notices of redemption were sent to shareholders May 25.

Included in this redemption are the outstanding 1,551,500 shares of 8.25% series A cumulative redeemable preferred stock (NYSE: ABRPA), the 1,260,000 shares of 7.75% series B cumulative redeemable preferred stock (NYSE: ABRPB) and 900,000 shares of 8.5% series C cumulative redeemable preferred stock (NYSE: ABRPC).

The issuer will pay $25.00 per share plus any unpaid dividends.

Arbor Realty is a Uniondale, N.Y., real estate investment trust.

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