Vornado's 5.4% series L preferreds admitted to begin trading on NYSE

By Tali David

Minneapolis, Feb. 1 - Vornado Realty Trust's 5.4% series L cumulative redeemable preferred shares of beneficial interest have been admitted to trading on the New York Stock Exchange, according to a notice.

The shares trade under the symbol "VNO PR L."

The company priced $300 million of the $25-par preferred shares on Jan. 17.

Bookrunners are Bank of America Merrill Lynch, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC.

Proceeds will be contributed to the company's operating partnership in exchange for preferred units. The operating partnership will use proceeds for general corporate purposes, including payment for the redemption or repurchase price for preferred stock and units.

Vornado is a real estate investment trust based in New York City.

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