Gramercy says investors tendered 1,074,178 8 1/8% series A preferreds

By Devika Patel

Knoxville, Tenn., Nov. 5 - Gramercy Capital Corp. said holders tendered 1,074,178 of 8 1/8% series A cumulative redeemable preferred shares as part of the company's offer to purchase up to 4 million of the preferreds.

The offer launched on Oct. 1 and expired at 5 p.m. ET on Nov. 4, which was extended on Oct. 18 from the original expiration deadline of 5 p.m. ET on Oct. 29.

The company will pay $15.00 per preferred.

Citigroup Global Markets Inc. (800 558-3745) was the dealer manager, and D.F. King & Co., Inc. (800 859-8508) was the information agent and depositary.

Gramercy is an integrated commercial real estate finance and property investment company based in New York.

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