Lexington Corporate Properties Trust files $500 million shelf

By Ted A. Knutson

Washington, Dec. 28 - Lexington Corporate Properties Trust filed for a $500 million shelf in an S-3 registration with the Securities and Exchange Commission.

Included within the shelf are common shares of beneficial interest and preferred shares of beneficial interest with the potential for convertibles.

The New York-based office, industrial and retail properties real estate investment trust said it planned to use proceeds from offerings authorized by the shelf for general corporate purposes such as repayment of debt and acquisitions of buildings and land.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.