SL Green Realty Corp., 6.50% Series I Cumulative Redeemable Preferred Stock (SLG-I)
NYSE · Preferred · CUSIP 78440X507
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Security Details

Coupon Rate
6.50%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
8/10/2017
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.63
Distribution Dates
1/15, 4/15, 7/15 & 10/15
Credit Ratings
Moody's B1 · S&P B+ (3/19/2024)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
78440X507
Market Cap
Small Cap
IPO
8/9/2012 · $25.00/share
Previous Symbol
SLGPP (changed 8/13/2012)
Parent Company
SL Green Realty Corp. (SLG)
Business: SL Green Realty Corp., 6.50% Series I Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 8/10/2017 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be on the first day of the month in which the payment is due or on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day 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 junior to the company's senior debt, equally with other preferreds of the company, 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.

Company Contact

CEO
Marc Holliday
CFO
Matthew J. DiLiberto
Headquarters
One Vanderbilt Avenue, New York, NY 10017
Phone
212-594-2700
Fax
212-216-1790
Investor Relations
Matt DiLiberto · 212-594-2700 · investor.relations@slgreen.com
General Email
General.Inquiries@slgreen.com
SEC EDGAR Filings
View filings »