Preferred Stock Channel
Lexington Realty Trust | 7.55% Series D Cumulative Redeemable Preferred Stock (LXP.PRD)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 6,000,000 shares of our 7.55% Series D Cumulative Redeemable Preferred Stock, which we refer to as our Series D Preferred Shares. We have also granted the underwriters an option to purchase up to 900,000 additional shares of our Series D Preferred Shares to cover over-allotments. We will pay cumulative dividends on the Series D Preferred Shares, from the date of original issuance, at the rate of 7.55% of the liquidation preference per year ($1.8875 per year per share).

Full Prospectus PDF », LXP Page »

Alternate symbology:LXP-D, LXP-PD, LXPprD
Call Date:2/14/2012 (Now Trading Post Call Date)
Shares Offered:6,000,000
Liquidation Preference:$25
Original Coupon:7.55%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-Apr, 15-Jul, 15-Oct
Lexington Realty Trust is a real estate investment trust (REIT) that focused on single-tenant industrial real estate investments. Co. conducts its operations either directly or indirectly through property owner subsidiaries and lender subsidiaries, which are single purpose entities; an operating partnership, Lepercq Corporate Income Fund L.P. , in which Co. is the sole unit holder of the general partner and the sole unit holder of the limited partner that holds a majority of the limited partner interests; a wholly-owned taxable REIT subsidiaries, Lexington Realty Advisors, Inc.; and investments in joint ventures.

Preferreds: LXP.PRC, LXP.PRD

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Name:  Lexington Realty Trust
Sector:  REITs
Number of ETFs Holding LXP:  70 (see which ones)
Total Market Value Held by ETFs:  $745,200,824
Total Market Capitalization:  $2,701,000,000
% of Market Cap. Held by ETFs:  27.59%

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