Kilroy Realty Corp | 6.375% Series H Cumulative Redeemable Preferred Stock (KRC.PRH)
Prospectus excerpt: We are selling 4,000,000 shares of our 6.375% Series H Cumulative Redeemable Preferred Stock, which we refer to in this prospectus supplement as the Series H preferred stock. The Series H preferred stock will not be redeemable before August 15, 2017, except under circumstances intended to preserve our status as a real estate investment trust for federal and/or state income tax purposes and except as described below upon the occurrence of a Change of Control (as defined in this prospectus supplement). On and after August 15, 2017, we may, at our option, redeem any or all of the shares of the Series H preferred stock at $25.00 per share plus, subject to exceptions, any accrued and unpaid dividends to, but excluding, the date fixed for redemption. In addition, upon the occurrence of a Change of Control, we may, at our option, redeem any or all of the shares of Series H preferred stock, within 120 days after the first date on which such Change of Control occurred, at $25.00 per share plus, subject to exceptions, any accrued and unpaid dividends to, but excluding, the date fixed for redemption. The shares of Series H Preferred Stock have no stated maturity, are not subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless we redeem or otherwise repurchase them or they become convertible and are converted as described in this prospectus supplement.
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