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Realty Income Corp., 6.625% Class F Cumulative Redeemable Preferred Stock
Ticker Symbol: O-F* CUSIP: 756109807 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/06/2017
Security has been Called for: Thursday, April 6, 2017
March 7, 2017 -- Realty Income Corporation, The Monthly Dividend Company®, (NYSE:O), today announced that it intends to redeem all 16,350,000 shares outstanding of the company's 6.625% Monthly Income Class F Cumulative Redeemable Preferred stock (NYSE: OprF – CUSIP no. 756109-807) on April 6, 2017. The shares will be redeemed at $25 per share (par), plus accrued and unpaid dividends to April 6, 2017 in an amount equal to approximately $0.101215 per share, for a total payment of approximately $25.101215 per share. All accrued but unpaid dividends shall be payable upon presentation of the shares for redemption. The redemption agent will be Wells Fargo Shareowner Services, attention: Corporate Action Department, P. O. Box 64858, St. Paul, MN 55164-0858, at (800) 468-9716. Further details regarding the redemption will be included in the notice of redemption and the letter of transmittal that the company will send to the record holders of the Class F Preferred Stock.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Realty Income Corp., 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 2/15/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.625% ($1.65625) per annum are paid monthly on 15th day of each month to holders of record on the record date which will be the first day of the month in which the payment is due (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Upon the occurrence of a change of control the company will have the option to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% 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.
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Go to Parent Company's Record (O)
IPO - 1/31/2012 - 13.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: ORIIP Changed: 2/09/2012
Market Value $325.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 11995 El Camino Real, San Diego, CA 92130 |
| Main Phone Number |
858-284-5000 |
| Fax Number |
760-741-2235 |
| Investor Relations
Jonathan Pong
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858-284-5177
Ext: 1177
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| Toll Free Phone Number |
877-924-6266 |
| CEO - John P. Case |
CFO - Paul M. Meurer |
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