Cousins Properties calls all $94.78 million of 7.5% preferred stock

By Angela McDaniels

Tacoma, Wash., March 13 - Cousins Properties Inc. will redeem all 3,791,000 outstanding shares of its 7.5% series B cumulative redeemable preferred stock on April 14, according to a company news release.

The preferreds will be redeemed in whole at the par value of $25.00 per share plus accrued dividends to the redemption date in an amount equal to $0.30729 per share, for a total payment of $25.30729 per share.

American Stock Transfer & Trust Co., LLC is the redemption agent.

Cousins Properties is a real estate investment trust based in Atlanta with a focus on urban office assets and mixed-use developments in Sunbelt markets.

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