This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monmouth Real Estate Investment Corporation Announces Redemption Of Monmouth Capital Corporation's 8% Convertible Subordinated Debentures Due 2013 And 2015

FREEHOLD, N.J., Dec. 3, 2012 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) (the "Company"), a real estate investment trust ("REIT") specializing in net-leased industrial properties, today announced that its wholly-owned subsidiary, Monmouth Capital Corporation ("MCC"), redeemed all of its outstanding 8% Convertible Subordinated Debentures Due 2013 and 8% Convertible Subordinated Debentures due 2015 (the "Debentures"), on Friday, November 30, 2012, at a redemption price of 100% of the principal amount of the Debentures being redeemed plus interest accrued to, but excluding, the redemption date.  Prior to the redemption, there were outstanding $120,000 in principal amount of Debentures due 2013 and $4,745,000 in principal amount of Debentures due 2015.

Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly owned REIT specializing in net-leased industrial properties subject to long-term leases primarily to investment grade tenants.  The Company is a fully integrated and self-managed real estate company, whose property portfolio consists of seventy-two industrial properties and one shopping center located in twenty-six states.  In addition, the Company owns a portfolio of REIT securities.

This press release does not constitute an offer to buy or sell or the solicitation of an offer to buy or sell Debentures or shares of the Company's common stock, nor shall there be any purchase or sale of any Debentures or shares of the Company's common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

SOURCE Monmouth Real Estate Investment Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs