Duke Realty Corporation Redeems Series F Preferred Shares.Business Editors INDIANAPOLIS--(BUSINESS WIRE)--Sept. 9, 2002 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 for redemption all of its 6,000 outstanding 8.00% Series F Cumulative Redeemable 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. , par value $.01 per share, and all of the 6,000,000 Preference Shares representing such Series F Preferred Shares (DREPrf) (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No.: 264411 82 8). 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. is October 10, 2002. The cash 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. for the Series F Preferred Shares is $25,000.00 per share, which is equivalent to a cash redemption price of $25.00 per Preference Share, plus $0.38889 in accrued dividends, for an aggregate redemption price of $25.38889 per Preference Share. Dividends on the Series F Preferred Shares represented by the Preference 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. As specified in the Notice of Redemption, payment of the redemption price will be made only upon presentation and surrender of the Preference Shares representing the Series F Preferred Shares to Duke's transfer agent, American Stock Transfer and Trust Company, by registered or certified mail, properly insured, or hand delivery during 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 59 Maiden Lane, New York, New York 10038. The Notice of Redemption and related materials will be mailed to holders of Duke's Preference Shares representing the Series F Preferred Shares on or before September 10, 2002. Questions relating to 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 one of the largest real estate companies in the United States with a total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. of $6.8 billion at June 30, 2002. Committed to Complete Customer Satisfaction, the Company is a fully integrated real estate company that owns a diversified portfolio of primarily industrial, office and retail properties in 13 major U.S. cities. The Company was also named to the Forbes Super 500 list for 2002. With a largely dominant presence in the Midwest and Southeast, Duke owns, manages or has under development more than 106 million square feet of properties. The Company also controls more than 4,000 acres of undeveloped land that can support approximately 62 million square feet of future development. The more than 1,000 real estate professionals at Duke strive to completely satisfy their tenants. Visit Duke on the web at www.dukerealty.com. |
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