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Federal Realty Investment Trust, 7.95% Cumul Redeem Preferred Securities A
Ticker Symbol: FRT-A* CUSIP: 313747404 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/13/2003
Security has been Called for: Friday, June 13, 2003
May 14, 2003--Federal Realty Investment Trust announced today that it will redeem all 4,000,000 outstanding shares of its 7.95% Series A Cumulative Redeemable Preferred Shares, no par value (FRTPrA - CUSIP No. 313747 40 4), effective June 13, 2003. The Series A Preferred Shares will be redeemed at their redemption price of $25.00 per share, plus accrued and unpaid dividends through the redemption date of $0.23959 per share, for an aggregate redemption price of $25.23959 per Series A Preferred Shares. Dividends on the Series A Preferred Shares will cease to accrue on June 13, 2003.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Federal Realty Investment Trust, 7.95% Series A Cumulative Redeemable Preferred Securities, liquidation preference $25 per share, redeemable at the issuer's option on or after 10/06/2002 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7.95% per annum paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the date fixed by the board, not more than 50 days or less than 10 days prior to the payment date. 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 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 (FRT)
IPO - 10/2/1997 - 4.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $98.6 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: 1626 East Jefferson Street, Rockville, MD 20852 |
| Main Phone Number |
301-998-8100 |
| Fax Number |
301-658-8980 |
| Investor Relations
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888-378-8727
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| Toll Free Phone Number |
800-658-8980 |
| CEO - Steven J. Guttman |
CFO - Cecily A. Ward |
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