Lexington Realty Trust adjusts conversion price of 6% convertibles

By Marisa Wong

Madison, Wis., July 10 - Lexington Realty Trust adjusted the conversion rate of its 6% convertible guaranteed notes, according to an 8-K filing with the Securities and Exchange Commission.

Effective as of June 29, the conversion rate is 146.2412 common shares per $1,000 principal amount of notes, representing a conversion price of $6.84 per common share.

The real estate investment trust is based in New York.

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