By Sheri Kasprzak
Atlanta, June 17 - Liberty Property Trust said it has completed a private placement for $20 million.
The company sold 400,000 series E cumulative redeemable preferred partnership interests at $50.00 each to Montebello Realty Corp.
The partnership interests pay annual dividends of 7%.
Based in Malvern, Pa., Liberty Property Trust is a real estate investment trust.
| Issuer: | Liberty Property Trust
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| Issue: | Series E cumulative redeemable preferred partnership interests
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| Amount: | $20 million
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| Dividends: | 7%
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| Units: | 400,000
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| Price: | $50.00
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| Warrants: | No
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| Investor: | Montebello Realty Corp.
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| Settlement date: | June 16
|
| Stock price: | $44.20 at close June 16
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