trending Market Intelligence /marketintelligence/en/news-insights/trending/NAZzOnI9oLmkN9-BUtAOkQ2 content esgSubNav
In This List

Saul Centers closes depositary share offering

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Saul Centers closes depositary share offering

Saul Centers Inc. closed an offering of 4.0 million depositary shares, each representing a 1/100th fractional interest in a share of the real estate investment trust's 6.000% series E cumulative redeemable preferred stock.

The company also plans to redeem for cash, on Oct. 17, 4.2 million depositary shares at $25.00 apiece, plus applicable distributions. Each depositary share represents a 1/100th fractional interest in a share of the company's 6.875% series C cumulative redeemable preferred stock. The aggregate redemption price will be $25.07638 per depositary share.

Raymond James & Associates Inc., Stifel Nicolaus & Co. Inc., B. Riley FBR Inc. and D.A. Davidson & Co. were the joint book-running managers for the underwritten public offering.

Continental Stock Transfer & Trust Co. is the redemption and paying agent.