|
Gramercy Property Trust, 8.125% Series A Cumulative Redeemable Preferred Stock
Ticker Symbol: GPT-A** CUSIP: 38489R209 Previous CUSIP: 384871307 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/12/2014
Security has been Called for: Friday, September 12, 2014
August 13, 2014 -- Gramercy Property Trust Inc. today announced that it delivered a notice of the Company's intention to redeem all 3,525,822 outstanding shares of its 8.125% Series A Cumulative Redeemable Preferred Stock (NYSE: GPT-PA; CUSIP No.: 38489R209) from the registered holder of the Series A preferred stock. The redemption date for the Series A preferred stock will be September 12, 2014. The Series A preferred stock will be redeemed at a redemption price of $25.32161 per share (the sum of the $25.00 per share redemption price and a quarterly dividend of $0.32161 prorated to the redemption date). On the redemption date, the Series A preferred stock will cease to accrue dividends. Stockholders who hold shares of Series A preferred stock through the Depository Trust Company will have their shares redeemed in accordance with the Depository Trust Company's procedures. On or before the redemption date, the funds necessary for the redemption of the Series A preferred stock will have been set apart by the Company in trust for the benefit of the holders thereof. Subject to applicable escheat laws, any moneys set apart by the Company and unclaimed at the end of two years from the redemption date will revert to the general funds of the Company, after which reversion the holders of Series A preferred stock called for redemption may look only to the general funds of the Company for payment of the redemption price. Upon deposit by the Company of the redemption price in trust for the account of the holders of the Series A preferred stock and from and after the redemption date, the Series A preferred stock will no longer be deemed to be outstanding and all rights with respect to such stock will cease and terminate (including, but not limited to, the right to receive dividends from and after the redemption date) except only the right of the holders thereof to receive, out of the funds so deposited in trust, from and after such date, the amount payable upon the redemption thereof, without interest. Questions relating to, and requests for additional copies of, the notice of redemption and the related materials should be directed to the Company’s transfer agent, American Stock Transfer & Trust Company, LLC at (877) 248-6417 or (718) 921-8317. ____________ December 11, 2013 -- Gramercy Property Trust Inc. (GPT), a real estate investment trust, announced today that its Board of Directors authorized, and the Company declared, a “catch-up” dividend in the amount of $10.23524 per share of the Company’s 8.125% Series A Cumulative Redeemable Preferred Stock, representing all accrued and unpaid dividends on the Series A Preferred Stock for the period October 1, 2008, through and including October 14, 2013. The Company also announced today that its Board of Directors authorized, and the Company declared, a Series A Preferred Stock quarterly dividend payment in the amount of $0.50781 per share, for the period October 15, 2013, through and including January 14, 2014. Both the Accrued Dividend and the Quarterly Dividend will be paid to holders of the Series A Preferred Stock of record as of the close of business on December 31, 2013. The Accrued Dividend will be paid on January 13, 2014. The Quarterly Dividend will be paid on January 15, 2014. It is anticipated that both dividend payments will be taxable to the recipients as ordinary income. The Company will report the final income determinations for tax on Form 1099-DIV and will post the same information on the Company’s website no later than January 31, 2014. As previously announced, the Company expects to initiate payment of common stock dividends beginning with the first quarter of 2014. The record and payment dates for any future dividend payments will be announced as and when the same are determined by the Company’s Board of Directors. ____________ December 31, 2008 -- Gramercy Capital Corp. announced today that its Board of Directors has elected not to pay a common stock or preferred stock dividend for the fourth quarter of 2008. The Company decided to retain capital for working capital purposes. For the first two quarters of 2008, the Company paid common dividends totaling $1.26 per share. The Company believes the dividends paid year to date fully satisfy its 2008 REIT distribution requirements.
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Gramercy Property Trust Inc., formerly the Gramercy Capital Corp., 8.125% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/18/2012 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.125% ($2.03125) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE that the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (GPT)
IPO - 4/16/2007 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: GKK-A Changed: 4/15/2013
Previous Name: Gramercy Capital Corp., 8.125% Series A Cumulative Redeemable Preferred Stock Changed: 4/15/2013
Market Value $100.0 Million
Company's Online Information Links
|
Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 521 5th Avenue, 30th Floor, New York, NY 10175 |
Main Phone Number |
212-297-1000 |
Fax Number |
212-297-1090 |
Investor Relations
Emily Pai
|
212-297-1000
|
Toll Free Phone Number |
Unknown |
CEO - Gordon F. DuGan |
CFO - Jon W. Clark - jclark@gptreit.com |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|