Duke Realty Corporation Redeems Series A Preferred Shares.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--July 27, 2001 Duke Realty Corporation (NYSE NYSE See: New York Stock Exchange :DRE DRE Digital rectal examination. Mentioned in: Rectal Examination ) announced today that it has called all of its outstanding 9.10% Series A Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. at a price of $25.00 per depositary share. Proceeds from the Company's Series I preferred offering in January of this year have been designated to fund this redemption. The redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. will be August 31, 2001. On that same date, Duke will pay a final dividend on its Series A Preferred Shares of $0.56875 per depositary share, to shareholders of record on August 17, 2001. This dividend was declared earlier this week. From the redemption date forward, dividends on the Series A Preferred Shares will no longer accrue, and holders of them will have no rights other than the right to receive the redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. , without interest, upon surrender of their shares. Payment of the redemption price will be made only upon presentation and surrender of certificates representing the Series A Preferred Shares to American Stock Transfer and Trust Company, the transfer agent for the Preferred Shares, during its normal business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a at the address specified in the Notice of Redemption. The Notice of Redemption and related materials will be mailed to holders of Duke's Series A Preferred Shares on July 31, 2001. Questions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Notice of Redemption and related materials should be directed to American Stock Transfer and Trust Company, the redemption agent, telephone number 718-921-8200. Duke Realty Corporation is the largest office and industrial real estate company in the United States. Offering a complete range of real estate products and services, Duke produces more than $800 million in annual revenue from approximately 5,000 tenants and focuses on building dominant market positions in each of its 13 geographic platforms across the Midwest and the Sunbelt. Duke owns interests in 109 million square feet of properties, has approximately 1,500 employees and owns or controls approximately 4,400 acres of undeveloped land that can support more than 65 million square feet of future development. Visit Duke on the web at www.dukerealty.com. |
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