Vornado Realty Trust | $3.25 Series A Convertible Preferred Shares (VNO.PRA)
This preferred is marked as having been called.
Prospectus excerpt: Dividends on the $3.25 Series A Convertible Preferred Shares of Beneficial Interest, liquidation preference $50.00 per share ("Series A Preferred Shares"), will be cumulative from the date of original issue and will be payable quarterly, commencing July 1, 1997, in an amount equivalent to $3.25 per annum per share. See "Description of Series A Preferred Shares--Dividends".
Series A Preferred Shares are convertible at any time at the option of the holders thereof into common shares of beneficial interest, par value $0.04 per share ("Common Shares"), of the Company at an initial conversion price of $72.75 per Common Share (equivalent to a conversion rate of 0.68728 Common Shares for each Series A Preferred Share), subject to adjustment in certain circumstances.
Vornado Realty Trust is a real estate investment trust and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. (the Operating Partnership). Co. is the sole general partner of the Operating Partnership. Co. owns and operates office and retail properties with a concentration in the New York City metropolitan area. In addition, Co. has interest in Alexander's, Inc., which owns properties in the New York metropolitan area, as well as interests in other real estate and investments.