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SL Green Realty Corp. | 7.625% Series C Cumulative Redeemable Preferred Stock (SLG.PRC)

This preferred is marked as having been called.
Prospectus exerpt:  SL Green Realty Corp. is offering and selling 5,600,000 shares of its 7.625% Series C cumulative redeemable preferred stock.

Dividends on the 7.625% Series C preferred stock will be cumulative from December 12, 2003, and will be payable quarterly on the fifteenth day of April, July, October and January of each year, commencing April 15, 2004. The dividend rate is 7.625% per annum, which is equivalent to $1.90625 per annum per share of Series C preferred stock.

The liquidation preference of each share of Series C preferred stock is $25.00.

On or after December 12, 2008, we have the option to redeem all or a portion of the 7.625% Series C preferred stock at $25.00 per share, plus accrued and unpaid dividends. We may also redeem Series C preferred stock if necessary to preserve our status as a real estate investment trust.

The Series C preferred stock has no stated maturity, is not subject to any sinking fund, is not convertible into any other securities and will remain outstanding indefinitely unless redeemed at our option.

Holders of shares of Series C preferred stock will generally have no voting rights, except for limited voting rights if we fail to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other events.

Full Prospectus PDF », SLG Page »

Series:C
Redeemable?:Yes
Call Date:12/12/2008 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:5,600,000
Overallotment:840,000
Liquidation Preference:$25
Original Coupon:7.625%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
SL Green Realty is a self-managed real estate investment trust. Co. is engaged in the business of owning, managing, leasing, acquiring and repositioning office properties in Manhattan, a borough of New York City. As of Dec 31 2013, Co.'s Manhattan office properties were comprised of 17 fee owned properties, including ownership in commercial condominium units, and six leasehold owned properties. As of the same date, Co.'s Suburban office properties were comprised of 25 fee owned properties and one leasehold property. Co. also held fee owned interests in nine unconsolidated Manhattan office properties and four unconsolidated Suburban office properties.

Preferreds: SLG.PRI, SLG.PRC


Open the SLG Information Page »
Name:  SL Green Realty Corp.
Website:  www.slgreen.com
Sector:  REITs
Number of ETFs Holding SLG:  62 (see which ones)
Total Market Value Held by ETFs:  $2,030,911,577
Total Market Capitalization:  $11,458,000,000
% of Market Cap. Held by ETFs:  17.72%

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