Alexandria Real Estate Equities Inc. will convert all 2,298,432 issued and outstanding shares of its 7.00% series D cumulative convertible preferred stock into common stock, effective Oct. 7.
The urban office real estate investment trust set the conversion rate at 0.2513 share of common stock for each share of preferred stock, which is equivalent to a conversion price of approximately $99.48 per share.
American Stock Transfer & Trust Co. LLC is the conversion agent.
