Presidio may repurchase up to $4 million 9.375% perpetual preferreds

By Wendy Van Sickle

Columbus, Ohio, Nov. 20 – Presidio Property Trust Inc.’s board of directors approved a share repurchase plan that authorizes the company to repurchase up to $4 million of its 9.375% series D cumulative redeemable perpetual preferred stock, according to an 8-K filed with the Securities and Exchange Commission.

The plan also authorizes the company to repurchase up to $6 million of its outstanding shares of series A common stock.

The commercial property company is based in Maryland.

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