Vornado Realty to redeem $300 million 5.7% series K preferreds

By Wendy Van Sickle

Columbus, Ohio, Sept. 13 – Vornado Realty Trust will redeem its $300 million of 5.7% series K cumulative redeemable preferred shares on Oct. 13 at par of $25.00 plus accrued dividends, according to a news release.

The redemption will be funded by proceeds of a new issuance of 4.45% $25-par series O cumulative redeemable preferreds.

Vornado is a New York-based real estate investment trust.

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