VEREIT® Announces $100 Million Partial Redemption of 6.70% Series F Cumulative Redeemable Preferred Stock
PHOENIX , Dec. 16, 2020 |PRNewswire| -- VEREIT, Inc. (NYSE: VER ) ("VEREIT" or the "Company"), a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., announced today that it intends to redeem 4,000,000 shares of its 6.70% Series F Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), representing approximately 21.20% of its approximately 18.9 million shares of Series F Preferred Stock outstanding, on January 15, 2021 (the "Redemption Date"). This redemption is in addition to VEREIT's expected Q4 2020 to Q1 2021 property acquisition pipeline of $150 million to $300 million . The Company previously announced it expects property acquisition results to be at the high end of that range. The shares of … Full story available on Benzinga.com
VEREIT® Announces $100 Million Partial Redemption of 6.70% Series F Cumulative Redeemable Preferred Stock
PHOENIX , Dec. 16, 2020 |PRNewswire| -- VEREIT, Inc. (NYSE: VER ) ("VEREIT" or the "Company"), a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., announced today that it intends to redeem 4,000,000 shares of its 6.70% Series F Cumulative Redeemable Preferred Stock ("Series F Preferred Stock"), representing approximately 21.20% of its approximately 18.9 million shares of Series F Preferred Stock outstanding, on January 15, 2021 (the "Redemption Date"). This redemption is in addition to VEREIT's expected Q4 2020 to Q1 2021 property acquisition pipeline of $150 million to $300 million . The Company previously announced it expects property acquisition results to be at the high end of that range. The shares of … Full story available on Benzinga.com