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Duke-Weeks Realty 8.45% Dep Shares Cumul Redeem Preferred Shares, Series I
Ticker Symbol: DRE-I* CUSIP: 264411810 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/01/2006
Security has been Called for: Wednesday, February 1, 2006
Jan. 13, 2006 -- Duke Realty Corporation announced today that it has called for redemption all of its outstanding 8.45% Series I Cumulative Redeemable Preferred Shares, par value $.01 per share, and all of the Depositary Shares representing such Series I Preferred Shares (NYSE:DREPRI; CUSIP No.: 264411810). The redemption date is February 1, 2006. The cash redemption price for the Series I Preferred Shares is $250.00 per share, which is equivalent to a cash redemption price of $25.00 per Series I Depositary Share, plus $0.18191 in accrued dividends, for an aggregate redemption price of $25.18191 per Series I Depositary Share. The Notice of Redemption and related materials have been distributed to holders of Duke's Series I Depositary Shares representing the Series I Preferred Shares. Dividends on the Series I Preferred Shares represented by the Series I Depositary Shares will cease to accrue on and after the redemption date, and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of their shares.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Duke-Weeks Realty Corp., Depositary Shares each representing 1/10th of an 8.45%, Series I, Cumulative Redeemable Preferred Share, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 2/01/2006 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.45% ($2.1125) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. 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 preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (DRE*)
IPO - 1/30/2001 - 3.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $77.6 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: 600 East 96th Street, Suite 100, Indianapolis, IN 46240 |
| Main Phone Number |
317-808-6000 |
| Fax Number |
317-808-6770 |
| Investor Relations
Shona L. Bedwell
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317-808-6169
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| Toll Free Phone Number |
800-875-3366 |
| CEO - Dennis D. Oklak |
CFO - Matthew A. Cohoat |
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