Preferred Stock Channel
Glimcher Realty Trust | 8 1/8% Series G Cumulative Redeemable Preferred Shares (GRT.PRG)

Prospectus excerpt:  WE ARE OFFERING 6,000,000 SHARES OF OUR 8 1/8% SERIES G CUMULATIVE REDEEMABLE PREFERRED SHARES OF BENEFICIAL INTEREST, PAR VALUE $0.01 PER SHARE (THE "SERIES G PREFERRED SHARES"). WE WILL PAY CUMULATIVE DISTRIBUTIONS ON THE SERIES G PREFERRED SHARES FROM THE DATE OF ORIGINAL ISSUE AT THE RATE OF 8 1/8% PER ANNUM OF THE $25.00 LIQUIDATION PREFERENCE, OR $2.03125 PER SHARE PER ANNUM. DISTRIBUTIONS ON THE SERIES G PREFERRED SHARES WILL BE PAYABLE QUARTERLY ON OR ABOUT THE 15TH DAY OF JANUARY, APRIL, JULY AND OCTOBER OF EACH YEAR, BEGINNING ON APRIL 15, 2004.

EXCEPT IN LIMITED CIRCUMSTANCES TO PRESERVE OUR STATUS AS A REAL ESTATE INVESTMENT TRUST, OR REIT, FOR FEDERAL INCOME TAX PURPOSES, WE MAY NOT REDEEM THE SERIES G PREFERRED SHARES UNTIL FEBRUARY 23, 2009. ON OR AFTER FEBRUARY 23, 2009, WE MAY, AT OUR OPTION, REDEEM THE SERIES G PREFERRED SHARES, IN WHOLE OR IN PART, FOR CASH AT A REDEMPTION PRICE OF $25.00 PER SHARE, PLUS ACCRUED AND UNPAID DISTRIBUTIONS, IF ANY, TO THE REDEMPTION DATE. THE SERIES G PREFERRED SHARES HAVE NO STATED MATURITY AND WILL NOT BE SUBJECT TO ANY SINKING FUND OR MANDATORY REDEMPTION AND WILL NOT BE CONVERTIBLE OR EXCHANGEABLE FOR ANY OTHER PROPERTY OR SECURITIES. HOLDERS OF SERIES G PREFERRED SHARES WILL GENERALLY HAVE NO VOTING RIGHTS, BUT WILL HAVE LIMITED VOTING RIGHTS IF WE FAIL TO PAY DIVIDENDS FOR SIX OR MORE QUARTERS (WHETHER OR NOT CONSECUTIVE) AND IN CERTAIN OTHER EVENTS.

TO PRESERVE OUR STATUS AS A REIT FOR FEDERAL INCOME TAX PURPOSES, WE IMPOSE CERTAIN RESTRICTIONS ON OWNERSHIP OF OUR SERIES G PREFERRED SHARES. SEE "DESCRIPTION OF SERIES G PREFERRED SHARES -- RESTRICTIONS ON OWNERSHIP AND TRANSFER" ON PAGE S-29 OF THIS PROSPECTUS SUPPLEMENT.

Full Prospectus PDF », GRT Page »

Series:G
Alternate symbology:GRT-G, GRT-PG, GRTprG
Redeemable?:Yes
Call Date:2/23/2009 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:6,000,000
Liquidation Preference:$25
Original Coupon:8.13%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn GRT.PRG's Rating
Glimcher Realty Trust is a self-administered and self-managed real estate investment trust. Co. owns, leases, manages and develops a portfolio of retail properties (Properties). The Properties consist of open-air centers, enclosed regional malls, outlet centers and community shopping centers. As of Dec 31 2013, Co. owned material interests in and managed 28 Properties which are located in 15 states. The properties contain contain an aggregate of approx. 19,300,000 sq. ft. of gross leasable area. Co., by and through its affiliates, holds service marks for the term GLIMCHER® and certain of its Property names such as Scottsdale Quarter®, and Polaris Fashion Place®.

Preferreds: GRT.PRF.CL, GRT.PRG, GRT.PRH, GRT.PRI


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Name:  Glimcher Realty Trust
Website:  www.glimcher.com
Sector:  REITs

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