UDR holders may require purchase of 4% convertible notes due 2035

By Jennifer Chiou

New York, Jan. 7 - UDR, Inc. announced that holders of its 4% convertible senior notes due 2035 have the right to require the company to repurchase the notes for cash.

The repurchase date is Jan. 15, and holders will receive par plus accrued interest.

UDR added that it will also offer to repurchase the notes from Jan. 15 until Feb. 8.

U.S. Bank NA is the trustee and paying agent (attn: Amanda C. Nichols at 804 771-7932).

The equity real estate investment trust is based in Highlands Ranch, Colo.

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