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 Hold (2.24 out of 4)
0th percentile
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Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, February 7, 5:13 AM
Slide #630. SL Green Realty Corp. — Preferred Stock Offering
Company: |
SL Green Realty Corp. (NYSE:SLG) |
Underwriters: |
Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC |
Shares Offered: |
8,000,000 |
Date of Pricing: |
8/7/2012 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
SL Green Realty Corp. announced that it priced an underwritten public offering of 8,000,000 shares of its 6.50% Series I Cumulative Redeemable Preferred Stock (the "Series I Preferred Stock"). The shares of Series I Preferred Stock will have a liquidation preference of $25.00 per share. The Company has granted the underwriters an option to purchase up to an additional 1,200,000 shares of Series I Preferred Stock during the next 30 days solely to cover over-allotments, if any. The offering is expected to close on August 10, 2012, subject to customary closing conditions. The Company expects the estimated net offering proceeds, before expenses, to be $193.7 million (or $222.8 million if the underwriters exercise their over-allotment option in full). |
SL Green Realty Corp. is a fully integrated real estate investment trust. Co. is engaged in the ownership, management, operation, acquisition, development, redevelopment and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings and asset value appreciation. Co. holds interests in 55 buildings totaling 31.8 million square feet. Preferreds: SLG.PRC, SLG.PRI
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Name: |
SL Green Realty Corp |
Website: |
www.slgreen.com |
Sector: |
REITs |
Number of ETFs Holding SLG: |
115 (see which ones) |
Total Market Value Held by ETFs: |
$1,453,502,509.78 |
Total Market Capitalization: |
$4,307,000,000 |
% of Market Cap. Held by ETFs: |
33.75% |
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