We are offering to the public 6,000,000 of our 6.75% Series F Cumulative Redeemable Preferred Shares.
Dividends on the Series F Preferred Shares will be cumulative from the date of original issue and payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year, beginning on April 1, 2005, at the rate of 6.75% of the liquidation preference per annum, or $1.6875 per Series F Preferred Share per annum.
Except in instances relating to preservation of our status as a real estate investment trust, the Series F Preferred Shares are not redeemable until November 17, 2009. On and after November 17, 2009, we may redeem the Series F Preferred Shares in whole at any time or in part from time to time at a redemption price of $25.00 per share, plus any accrued and unpaid dividends through the date of redemption. The Series F Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed.