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Vornado Realty Trust | 5.40% Series L Cumulative Redeemable Preferred Shares (VNO.PRL)
Prospectus exerpt: We are offering to the public 12,000,000 of our 5.40% Series L Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25.00 per share, which we refer to as the "Series L Preferred Shares". Dividends on the Series L Preferred Shares will be cumulative from the date of original issue of this series and payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, commencing on April 1, 2013, at the rate of 5.40% of the liquidation preference per annum, or $1.35 per Series L Preferred Share per annum. Except in instances relating to preservation of our status as a real estate investment trust, the Series L Preferred Shares are not redeemable until January 25, 2018. On and after January 25, 2018, we may redeem the Series L Preferred Shares in whole at any time or in part from time to time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series L Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed. Full Prospectus PDF », VNO Page »
| Series: | L | | Redeemable?: | Yes | | Call Date: | 1/25/2018 | | Perpetual?: | Yes | | Cumulative?: | Yes | | Shares Offered: | 12,000,000 | | Overallotment: | 1,800,000 | | Liquidation Preference: | $25 | | Recent Market Price: | $25.04 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $0.04 (0.16%) | | Annualized Dividend: | 0.2475 | | Recent Ex-Date: | 3/13/2013 | | Current Yield: | 0.99% | | Original Coupon: | 5.400% | | Pay Period: | Quarterly | | Pay Dates: | 1-Jan, 1-Apr, 1-Jul, 1-Oct |
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Vornado Realty Trust is a real estate investment trust and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P., a Delaware limited partnership (the Operating Partnership). Co. was the sole general partner of, and owned approximately 94.0% of the common limited partnership interest in the Operating Partnership at Dec 31 2012. As of Dec 31 2012, Co. operates in the following business segments: New York, Washington, DC, Retail Properties, Merchandise Mart and Toys "R" Us. Preferreds: VNO.PRF, VNO.PRG, VNO.PRH, VNO.PRI, VNO.PRA, VNO.PRK, VNO.PRJ, VNO.PRL Open the VNO Information Page »
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| Name: |
Vornado Realty Trust |
| Website: |
www.vno.com |
| Sector: |
REITs |
| Number of ETFs Holding VNO: |
80 (see which ones) |
| Total Market Value Held by ETFs: |
$1,925,945,238 |
| Total Market Capitalization: |
$16,478,000,000 |
| % of Market Cap. Held by ETFs: |
11.69% |
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