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Published on 8/3/2012 in the Prospect News High Yield Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Glimcher Realty Trust calls $90 million of 8¾%, 8 1/8% preferreds

By Ashley Montgomery

Kansas City, Kan., Aug. 3 - Glimcher Realty Trust will redeem all of its 8¾% series F and a portion of its 8 1/8% series G cumulative redeemable preferred shares, according to a news release.

The company will redeem 2.4 million, or $60 million, series F preferreds and 1.2 million, or $30 million, series G preferreds on a pro rata basis.

The preferreds will be redeemed on Sept. 4 at par plus accrued distributions to the redemption date.

Computershare Trust Co., NA is the agent.


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