Avalonbay Communities files automatic shelf

By Jennifer Chiou

New York, Jan. 8 - Avalonbay Communities, Inc. filed an automatic shelf registration in an S-3ASR with the Securities and Exchange Commission.

Covered by the shelf are common and preferred stock and debt securities. Securities may be issued in the form of convertibles.

The Alexandria, Va.-based real estate company said proceeds would be used for working capital, repayment or refinancing of debt and/or general corporate purposes.

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