NEW YORK, March 19, 2013 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) today announced that it intends to redeem all of the outstanding 6,200,000 shares of its 7.55% Series D Cumulative Redeemable Preferred Stock (NYSE:LXPPRD) on April 19, 2013 (the "Redemption Date"). Shares of 7.55% Series D Cumulative Redeemable Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus accumulated and unpaid dividends up to and including the Redemption Date in the amount of $0.099618 per share, for a total redemption cost of $155,617,631.60. On or after the Redemption Date, after which dividends will cease to accrue, the only remaining rights of holders of shares of 7.55% Series D Cumulative Redeemable Preferred Stock will be to receive payment of the redemption price, plus accumulated and unpaid dividends up to and including the Redemption Date.
Lexington Realty Trust To Redeem All Outstanding Shares Of Its 7.55% Series D Cumulative Redeemable Preferred Stock
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