SL Green issues 172,809 Series X Preferred Units at $25 liquidation preference for property acquisition

SL GREEN REALTY CORP

Issued 172,809 Series X Preferred Units as partial consideration for acquiring ownership interests in 800 Third Avenue property.
Units have $25.00 liquidation preference and pay 3.00% cumulative quarterly cash distribution ($0.75/unit/year).
Units are convertible into common units at $80 per unit; after conversion they may be redeemed for SLG common stock.
Issuance exempt from registration under Section 4(a)(2) of the Securities Act.
Units rank senior to common units and on parity with other preferred series (F, I, K, L, R, S, V, W).

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