other material
confidence high
sentiment neutral
materiality 0.35
SL Green issues 252,000 Series Y Preferred Units at 5% yield as partial consideration for property acquisition
SL GREEN REALTY CORP
- 252,000 Series Y Preferred Units issued at $25 liquidation preference, 5.00% cumulative annual distribution.
- Units issued as partial consideration for acquisition of commercial real estate interests.
- Series Y Preferred Units are not convertible and have limited voting rights.
- Units sold in unregistered transaction under Section 4(a)(2) of Securities Act.
- Holders may require repurchase for cash at any time after issuance, subject to minimum of 10,000 units.