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Security Details
- Coupon Rate
- 6.50%
- Liquidation Preference
- $50.00
- Call Price
- —
- Call / Redemption Date
- 4/1/2001
- Maturity Date
- None
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 3.25
- Distribution Dates
- 1/1, 4/1, 7/1 & 10/1
- Credit Ratings
- Moody's Ba3 · S&P NR (4/15/2025)
- Conversion
- 0.68728 @ $72.75
- Tax-Advantaged Dividends
- No
Security Profile
- CUSIP
- 929042208
- Market Cap
- Small Cap · $430 Million
- IPO
- 4/7/1997 · $50.00/share
- Previous Symbol
- VNO-A (changed 3/25/2013)
- Parent Company
- Vornado Realty Trust (VNO)
Business: Vornado Realty Trust, $3.25 Series A Convertible Preferred Shares of Beneficial Interest, liquidation preference $50 per share, redeemable at the issuer's option on or after 4/01/2001 for common shares at 0.68728 common shares per preferred share under specific circumstances, and with no stated maturity. Distributions of $3.25 (6.5%) per annum are paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The preferred shares are convertible any time at the holder's option into 0.68728 common shares of Vornado Realty Trust (NYSE: VNO), an initial conversion price of $72.75 per common share. In regards to 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 convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Company Contact
- CEO
- Steven Roth
- CFO
- Michael J. Franco
- Headquarters
- 888 Seventh Avenue, New York, NY 10019
- Phone
- 212-894-7000
- Fax
- 201-587-0600
- Investor Relations
- Cathy Creswell · 212-587-1000