National Retail Properties Inc. plans to fully redeem on Oct. 5 the outstanding shares of its 5.700% series E cumulative redeemable preferred stock represented by depositary shares.
Each depositary share, which represents a 0.01 interest in a series E preferred share, will be redeemed at a price of $25.00 apiece. Including all applicable dividends, the aggregate redemption price for the depositary shares is $25.079167 apiece.
The single-tenant net-lease real estate investment trust said earlier it would fund the redemption using net proceeds from a recently launched common share offering.
American Stock Transfer and Trust Co. LLC is the redemption and paying agent.
