||SL Green Realty Corp. | 6.50% Series I Cumulative Redeemable Preferred Stock (SLG.PRI)
SL Green Realty Corp. is offering 8,000,000 shares of 6.50% Series I Cumulative Redeemable Preferred Stock (the "Series I Preferred Stock").
The dividend rate per share of Series I Preferred Stock is 6.50% per annum of the $25.00 liquidation preference, which is equivalent to $1.625 per annum per share and is payable when, as and if declared by our board of directors, quarterly in cash, in arrears, on each January 15, April 15, July 15 and October 15 (or, if not a business day, the next succeeding business day) commencing on October 15, 2012. Because the first dividend payment date is October 15, 2012, the dividend payable on a share of Series I Preferred Stock on that date will be $0.2934, representing the pro rated amount of the regular quarterly dividend per share.
The Series I Preferred Stock is not redeemable until August 10, 2017, except in instances relating to preservation of our status as a real estate investment trust, or REIT. On and after August 10, 2017, we may redeem the Series I Preferred Stock, at any time, in whole or from time to time in part, for cash at $25.00 per share, plus accrued and unpaid dividends to, but not including, the redemption date.
The Series I Preferred Stock has no stated maturity, is not subject to any sinking fund, is not convertible into any other security and will remain outstanding indefinitely unless repurchased or redeemed at our option.
Holders of shares of Series I 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 circumstances.
Full Prospectus PDF », SLG Page »
|Liquidation Preference:||$25 |
|Recent Market Price:||$23.51|
|Discount to Liquidation Preference:|
(More Preferreds Trading at a Discount »)
|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 2012, Co.'s Manhattan office properties were comprised of 21 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 24 fee owned properties and one leasehold property. Co. also held fee owned interests in nine unconsolidated Manhattan office properties and five unconsolidated Suburban office properties. |
Preferreds: SLG.PRI, SLG.PRC
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||SL Green Realty Corp.
|Number of ETFs Holding SLG:
||62 (see which ones)
|Total Market Value Held by ETFs:
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|% of Market Cap. Held by ETFs:
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