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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, May 2, 7:16 PM
Slide #615. Regency Centers Corporation — Preferred Stock Offering
| Company: |
Regency Centers Corporation (NASDAQ:REG) |
| Underwriters: |
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC |
| Security type: |
6.00% Series 7 Cumulative Redeemable Preferred Shares (REG.PRG) |
| $Amount Offered: |
$75,000,000 |
| Date of Pricing: |
8/14/2012 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
Regency Centers Corporation announced the pricing of an underwritten public offering of 3,000,000 shares of newly issued 6.00% Series 7 Cumulative Redeemable Preferred Shares at a price of $25 per share, resulting in gross proceeds of $75.0 million. The Company estimates that the net proceeds, after deducting the underwriting discount and before other estimated offering expenses, will be approximately $72.6 million. The offering is expected to settle on or about August 23, 2012. The Company intends to file an application with the New York Stock Exchange to list the Series 7 Stock under the symbol "REGPrG." |
Regency Centers is a fully integrated real estate company and real estate investment trust. Co.'s subsidiary, Regency Centers L.P., is the entity through which Co. conducts substantially all of its operations and owns substantially all of its assets. Co.'s business consists of acquiring, developing, owning and operating retail real estate principally located in various markets within the U.S. Co. is a national owner, operator, and developer of shopping centers located in suburban trade areas. Co.'s portfolio includes several properties merchandised with various grocers, restaurants, service providers, and various retailers that connect to their neighborhoods, communities, and customers. Preferreds: REG.PRE, REG.PRF, REG.PRG, REGCP, REGCO
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Open the REG.PRG Page at Preferred Stock Channel for More Information About this Preferred »
| Name: |
Regency Centers Corp |
| Website: |
www.regencycenters.com |
| Sector: |
REITs |
| Number of ETFs Holding REG: |
92 (see which ones) |
| Total Market Value Held by ETFs: |
$2,233,572,114.34 |
| Total Market Capitalization: |
$10,931,000,000 |
| % of Market Cap. Held by ETFs: |
20.43% |
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