Urstadt Biddle to redeem all 8.5% series C preferreds May 29

By Marisa Wong

Madison, Wis., April 25 - Urstadt Biddle Properties Inc. issued a redemption notice to holders of its 8.5% series C senior cumulative preferred stock on Thursday.

The company plans to redeem all 224,027 outstanding shares of the series C preferred stock on May 29 at $100 per share plus $0.6847222 per share, the amount equal to all dividends accrued from May 1 through the redemption date.

The company previously declared a regular quarterly dividend on the series C preferreds of $2.125 per share payable on April 30 to stockholders of record on April 19.

Computershare Trust Co., NA is the agent.

Urstadt Biddle is a real estate investment trust based in Greenwich, Conn.

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