||Vornado Realty Trust | 5.40% Series L Cumulative Redeemable Preferred Shares (VNO.PRL)
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 »
|Alternate symbology:||VNO-L, VNO-PL, VNOprL|
|Liquidation Preference:||$25 |
|Recent Market Price:||$22.73|
|Discount to Liquidation Preference:|
(More Preferreds Trading at a Discount »)
|Pay Dates:||1-Jan, 1-Apr, 1-Jul, 1-Oct|
Vornado Realty Trust is a real estate investment trust. Co. owns and operates office and retail properties with large concentrations in the New York City metropolitan area and in the Washington, DC / Northern Virginia area. In addition, Co. has a 32.4% interest in Alexander's, Inc., which owns six properties in the greater New York metropolitan area. Co. operates the following business segments: New York, Washington, DC, and Toys "R" Us (Toys). At Dec 31 2014, Co.'s New York segment operated 72 properties; Co.'s Washington, DC segment also operated 72 properties; and Co.'s Toys segment operated 1,826 stores. |
Preferreds: VNO.PRF, VNO.PRG, VNO.PRH, VNO.PRI, VNO.PRA, VNO.PRK, VNO.PRJ, VNO.PRL
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||Vornado Realty Trust
|Number of ETFs Holding VNO:
||64 (see which ones)
|Total Market Value Held by ETFs:
|Total Market Capitalization:
|% of Market Cap. Held by ETFs:
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