other material
confidence high
sentiment neutral
materiality 0.35
Realty Income to redeem all 6.9M Series A Preferred shares on Sep 30 at $25/share
REALTY INCOME CORP
- Redemption of all 6,900,000 outstanding Series A Preferred shares on September 30, 2024.
- Redemption price of $25.00 per share plus accrued dividend ~$0.375, total ~$25.375 per share.
- Final dividend payable on Sep 30; record date is Sep 13, 2024.
- Redemption reflects capital management efficiency efforts after Spirit Realty merger conversion.