PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 20, 1:44 AM
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Slide #531. DDR Corp. — Preferred Stock Offering
Company:
DDR Corp. (DDR)
Date announced:
3/25/2013
Shares Offered:
6,000,000
Date of Pricing:
3/25/2013
Price Per Share:
$25
Preferred Stock Offering Details:
DDR Corp. (NYSE: DDR) today announced that it has priced an underwritten public offering of 6,000,000 depositary shares, each representing a 1/20th fractional interest in a share of its newly designated 6.25% Class K Cumulative Redeemable Preferred Shares at a price of $25.00 per depositary share. DDR granted the underwriters a 30-day option to purchase up to 900,000 depositary shares solely to cover over-allotments, if any. The offering is expected to close on or about April 9, 2013, subject to customary closing conditions. DDR intends to apply to list the depositary shares on the New York Stock Exchange under the symbol "DDR PR K". If the application is approved, DDR expects trading of the depositary shares on the New York Stock Exchange to commence within the 30day period after the initial delivery of the depositary shares.
SITE Centers is a self-administered and self-managed real estate investment trust (REIT), engaged in the business of acquiring, owning, developing, redeveloping, expanding, leasing, financing and managing shopping centers. Co.'s portfolio consisted of shopping centers (including shopping centers owned through joint ventures). These centers are principally in the Southeast and Midwest, with significant concentrations in Florida, Georgia, Ohio and North Carolina, as well as Puerto Rico.
Preferreds: DDR.PRH, DDR.PRJ, DDR.PRK, DDR.PRA
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Avg. Broker Rec.
  
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Hold (1.87 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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