We, Urstadt Biddle Properties Inc., are offering 4,500,000 shares of our 7.125% Series F Cumulative Redeemable Preferred Stock, which we refer to in this prospectus supplement as the Series F Preferred Stock.
Cash dividends on the Series F Preferred Stock will be cumulative from, and including, the original issue date and will be payable quarterly in arrears on or about January 31, April 30, July 31 and October 31 of each year beginning on January 31, 2013 at the rate of 7.125% per annum of the $25.00 per share liquidation preference, equaling a fixed annual dividend amount per share of $1.78125. The Series F Preferred Stock has no stated maturity and will not be subject to any sinking fund or mandatory redemption and will remain outstanding indefinitely unless redeemed or otherwise repurchased by us or converted by the holders in connection with a Change of Control (as defined in this prospectus supplement). Prior to October 24, 2017, we may, at our option, redeem any or all of the Series F Preferred Stock for cash pursuant to the make-whole redemption provision described in this prospectus supplement (subject to the exception described below). On and after October 24, 2017, we may, at our option, redeem any or all of the Series F Preferred Stock for cash at a redemption price of $25.00 per share, plus accrued and unpaid dividends, if any, to, but not including, the redemption date (subject to the exception described below).