Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Fri, May 20, 10:17 PM

Slide #505. Taubman Centers, Inc. Preferred Stock Offering

Company: Taubman Centers, Inc. (TCO)
Shares Offered: 6,000,000
Date of Pricing: 3/11/2013
Price Per Share: $25
Preferred Stock Offering Details: Taubman Centers, Inc. (NYSE: TCO) today announced the pricing of an underwritten public offering of 6,000,000 shares or $150 million of 6.25% Series K Cumulative Redeemable Preferred Stock at a price of $25.00 per share, pursuant to an effective registration statement. The company granted the underwriters an option to purchase up to an additional 900,000 shares within 30 days solely to cover over-allotments, if any. The offering is expected to close March 15, 2013, subject to customary closing conditions. The company may redeem, at its option, the Series K Cumulative Redeemable Preferred Stock at a redemption price of $25.00 per share on or after March 15, 2018.

Taubman Centers operates as a self-administered and self-managed real estate investment trust. The Taubman Realty Group Limited Partnership is a majority-owned partnership subsidiary of Co. that owns direct or indirect interests in all of Co.'s real estate properties. Co. owns, manages, leases, acquires, disposes of, develops, and expands shopping centers and interests therein. Co.'s owned portfolio of operating centers consists of urban and suburban shopping centers operating in the United States, Puerto Rico, South Korea, and China.

Preferreds: TCO.PRJ, TCO.PRK

Open the TCO Page at Preferred Stock Channel »

Taubman Centers Inc

Open the TCO Page at Preferred Stock Channel (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree TCO Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Hold (2.00 out of 4)
74th percentile
(ranked higher than approx. 74% of all stocks covered)
Based on data provided by Zacks Investment Research via
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 505 of 581 |

Copyright © 2010 - 2022, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.