ProLogis to redeem shares from six series of redeemable preferreds

By Tali David

Minneapolis, March 21 - ProLogis, Inc. plans to redeem all outstanding shares from six series of cumulative redeemable preferred stock, according to an 8-K filed with the Securities and Exchange Commission.

The following will be redeemed at par $25 per share plus accrued dividends on April 19:

• 6.5% series L cumulative redeemable preferreds;

• 6.75% series M cumulative redeemable preferreds;

• 7% series O cumulative redeemable preferreds;

• 6.85% series P cumulative redeemable preferreds;

• Series R cumulative redeemable preferreds; and

• Series S cumulative redeemable preferreds.

Prologis, formerly AMB Property Corp., operates as a real estate investment trust and invests in properties located in the infill submarkets of its targeted markets. The company is based in San Francisco.

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