Cedar Realty Trust Inc | 6.50 % Series C Cumulative Redeemable Preferred Stock (CDR.PRC)
Prospectus excerpt: We are offering 3,000,000 shares of our 6.50% Series C Cumulative Redeemable Preferred Stock, or the Series C Preferred Stock. We will pay cumulative dividends on the Series C Preferred Stock from the date of original issue at a rate of 6.50% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.625 per share). Dividends on the Series C Preferred Stock will be payable quarterly in arrears on or about the 20th day of February, May, August and November of each year, beginning November 20, 2017. The Series C Preferred Stock will rank on parity with our outstanding preferred stock and senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up.
Cedar Realty Trust is a real estate investment trust that focuses primarily on ownership, operation and redevelopment of grocery-anchored shopping centers in urban markets from Washington, D.C. to Boston. Co. owns and manages a portfolio of operating properties. Cedar Realty Trust Partnership, L.P. (the Operating Partnership) is the entity through which Co. conducts substantially all of its business and owns (either directly or through subsidiaries) substantially all of its assets. Co. is the sole general partner of, the Operating Partnership.
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