Glimcher Realty Trust | 6.875% Series I Cumulative Redeemable Preferred Shares of Beneficial Interest (GRT.PRI)
Prospectus excerpt: We are offering 3,600,000 shares of our 6.875% Series I Cumulative Redeemable Preferred Shares of Beneficial Interest, par value $0.01 per share, which we refer to as the ôSeries I Preferred Sharesö. Cumulative distributions on the Series I Preferred Shares will be payable quarterly on or about the 15th day of January, April, July and October of each year, beginning on July 15, 2013. The distribution rate on the Series I Preferred Shares is 6.875% per annum of the $25.00 per share liquidation preference, which is equivalent to $1.71875 per share per annum. Except as set forth below and as necessary to preserve our status as a real estate investment trust, or ôREITö, for Federal income tax purposes, we may not redeem the Series I Preferred Shares prior to March 27, 2018. On and after March 27, 2018, we may, at our option, redeem the Series I Preferred Shares, in whole or from time to time in part, by paying $25.00 per share, plus any accrued and unpaid distributions to, but not including, the date of redemption.
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