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Great Lakes REIT Inc., 9 3/4% Cumul Redeem Preferred Shares A
Ticker Symbol: GL-A* CUSIP: 390752202 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/27/2004
Security has been Called for: Tuesday, April 27, 2004
3/22/2004 Per a notice in the 3/22/2004 WSJ, the 9 3/4% preferred has been called, subject to certial conditions, for 4/27/2004. ____ Jan 22, 2004 -- Great Lakes REIT today announced the signing of a definitive merger agreement to be acquired by Aslan Realty Partners II, L.P., an affiliate of Transwestern Investment Company, L.L.C. Pursuant to the merger agreement, Great Lakes REIT will redeem Great Lakes REIT's 9 3/4% Series A Cumulative Redeemable Preferred Shares (NYSE: GL-PrA) immediately prior to the merger. The Company will continue to pay regular quarterly dividends on the Series A Preferred Shares arising prior to the merger date, and the redemption price will include accrued and unpaid dividends to the redemption date. In this regard, the Board of Trustees has declared a regular quarterly dividend of $0.609375 per Series A Preferred Share, payable to shareholders of record as of February 15, 2004. This dividend payment will cover the period from December 1, 2003 through February 29, 2004. Such dividend will be paid on March 1, 2004.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Great Lakes REIT, 9 3/4% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25 per share, redeemable at the issuer's option on or after 12/16/2003 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9 3/4% per annum paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the 15th day of the month in which the payment is made. 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 (GL*)
Link to IPO Prospectus
Market Value $38.7 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: 823 Commerce Drive, Suite 300, Oak Brook, IL 60523 |
| Main Phone Number |
630-368-2900 |
| Fax Number |
630-368-2929 |
| Investor Contact (CFO)
James Hicks
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630-368-2900
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Toll Free Phone Number |
Unknown |
| CEO - Richard A. May |
CFO - James Hicks |
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