Weingarten Realty (NYSE: WRI) announced today it has called for the full redemption of its 6.75% Series D Cumulative Redeemable Preferred Shares of Beneficial Interest (“Series D shares”; CUSIP: 948741509; NYSE: WRIPrD). The Company will redeem all 3,000,000 outstanding Series D shares on March 18, 2013 for a redemption price of $25.00 per share, plus $0.0141 per share in accrued and unpaid dividends to but excluding the redemption date, for an aggregate price of $25.0141 per share.
The redemptions will be in accordance with the Depository Trust Company’s procedures. To collect the redemption price, holders of the Series D shares must surrender their shares to Computershare Trust Company, N.A., the redemption and paying agent. Questions relating to these redemptions should be directed to Computershare Trust Company N.A. at 1-800-546-5141.
After the redemption date, dividends on the Series D shares will cease to accrue and such shares shall no longer be deemed outstanding and all rights of the holders in respect of such shares being redeemed will terminate, except for the right to receive the redemption price, without interest thereon. Because the redemption is a redemption in full, the Series D shares will be delisted from trading on the New York Stock Exchange.
About Weingarten Realty InvestorsWeingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer. At December 31, 2012, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 292 developed income-producing properties and 2 properties under various stages of construction and development. The total number of properties includes 288 neighborhood and community shopping centers and 6 other operating properties located in 21 states spanning the country from coast to coast representing approximately 53.7 million square feet. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.