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Washington Prime Group, 6.875% Series I Cumulative Redeemable Preferred Shares
Ticker Symbol: WPGIQ     CUSIP: 92939N409     Previous CUSIP: 379302607      Exchange: OTOTC
Security Type:   Traditional Preferred Stock
* NOTE: This security has been delisted at the request of the issuer and is no longer trading
but to our knowledge is still paying distributions to holders.
The security may start trading on the Other OTC market but to date it has not (to our knowledge).

Security's Distribution is Suspended!

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Washington Prime Group, Inc. formerly WP GLIMCHER, Inc., formerly Glimcher Realty Trust, 6.875% Series I Cumulative Redeemable Preferred Shares of Beneficial Interest, liquidation preference $25 per share, redeemable at the issuer's option on or after 3/27/2018 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 6.875% per annum ($1.71875 per annum or $0.4296875 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 60 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). Upon the occurrence of a change of control resulting in the common shares of the surviving entity no longer being listed on the NYSE, the AMEX or the Nasdaq exchanges the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will not have the following conversion right. Upon the occurrence of a change of control, and the company has not provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). 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. This security was rated as B2 by Moody’s and CCC+ by S&P at the date of its IPO. 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
Delisted
6.88%
$1.72
$25.00
$25.00
3/27/2018
None
WR WR
4/05/2022
Suspended!
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (WPGGQ)

Notes:  September 07, 2021 -- Washington Prime Group Inc. (NYSE: WPG) today announced its intention to voluntarily delist from the New York Stock Exchange (the “NYSE”) its shares of common stock (the “Common Stock”), 7.5% Series H Cumulative Redeemable Preferred Stock (the “Series H Preferred Stock”), and 6.875% Series I Cumulative Redeemable Preferred Stock (the “Series I Preferred Stock,” and together with the Series H Preferred Stock, the “Preferred Stock”). The Common Stock is currently listed on the NYSE under the symbol “WPG” with a CUSIP number of 93964W405; the Series H Preferred Stock is currently listed on the NYSE under the symbol “WPG-H” with a CUSIP number of 93964W207; and the Series I Preferred Stock is currently listed on the NYSE under the symbol “WPG-I” with a CUSIP number of 93964W306.

May 10, 2021 -- The Company’s Board of Directors has made the decision to suspend the second quarter dividends on its common shares and operating partnership units as well as with respect to its Series H and Series I preferred shares of beneficial interest and Series I-1 preferred units of Preferred Limited Partnership Interest. The dividends will be reviewed quarterly by the Board of Directors.

8/30/2016 -- Common shareholders of the Company approved a proposal to change the corporate name to Washington Prime Group Inc. effective immediately.

Jan. 15, 2015-- Washington Prime Group Inc. (NYSE:WPG) today announced it has completed the previously announced acquisition of Glimcher Realty Trust. Under the terms of the merger agreement, Glimcher shareholders will receive, for each Glimcher share, $10.40 in cash and 0.1989 of a share in WPG common stock. The company will be known as WP GLIMCHER, Inc. and continue to trade on the New York Stock Exchange under the ticker WPG.

IPO - 3/21/2013 - 3.60 Million Shares @ $25.00 /share.    Link to IPO Prospectus
Previous Ticker Symbol: WPG-J    Changed: 9/29/2021
Previous Name: Glimcher Realty Trust, 6.875% Series I Cumulative Redeemable Preferred Shares    Changed: 1/15/2015
Market Value $90.0 Million

Company's Online Information Links
HOME PAGE:     https://www.washingtonprime.com/home/default.aspx
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address kim.green@washingtonprime.com
Email Contact Form on Website Go to Email Form

Address and Phone Numbers
Address:   180 East Broad Street, Columbus, OH 43215
Main Phone Number 614-621-9000
Fax Number Not Available
Investor Relations   Kimberly A. Green 614-887-5647
CEO - Louis G. Conforti CFO - Mark E. Yale

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