PORT WASHINGTON, N.Y., May 29, 2012 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) today announced an "at-the-market" offering program under which it may from time to time sell up to 4 million shares of its 7.25% Series B Cumulative Redeemable Preferred Stock. In conjunction with this offering program, the Company filed today a prospectus supplement to the Company's prospectus dated May 2, 2012, filed as part of its effective shelf registration. The shares would be offered through MLV & Co. LLC, as the sales agent. Sales of the shares of Series B Preferred Stock, if any, are anticipated to be made primarily in transactions that are deemed to be "at the market" offerings within the meaning of Rule 415 of the Securities Act of 1933, as amended, including sales made directly on the New York Stock Exchange or sales made to or through a market maker other than on an exchange or by privately negotiated transactions. The Company intends to use the net proceeds from the "at-the-market" offering program for general working capital and other corporate purposes, including potential future repurchases or redemptions of its outstanding 8.875% Series A Cumulative Redeemable Preferred Stock and/or the repayment of debt. The shares of Series B Preferred Stock have a liquidation preference of $25.00 per share, with no stated maturity, are not subject to any sinking fund and are redeemable, at the Company's option, beginning on May 22, 2017, at a redemption price of $25.00 per share plus accrued and unpaid distributions, as well as under certain other circumstances. The Company's outstanding shares of Series B Preferred Stock are listed and traded on the New York Stock Exchange under the symbol "CDR PrB." The shares of Series B Preferred Stock being sold in this offering have been approved for listing, subject to official notice of issuance, on the NYSE under the existing symbol. Before investing in the Series B Preferred Stock, you should read the prospectus, the prospectus supplement and other documents the Company has filed with the SEC. This press release is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy, nor shall there be any offer or sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The offering may be made only by means of a prospectus and related prospectus supplement. Copies of the prospectus supplement and the accompanying prospectus relating to these securities are available on the SEC's website at www.sec.gov or may be obtained from MLV & Co. LLC, 1251 Avenue of the Americas, New York, NY 10020, Attn: Randy Billhardt, via email at email@example.com and via telephone at (212) 542-5882. About Cedar Realty Trust Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership and operation of primarily supermarket-anchored shopping centers straddling the Washington DC to Boston corridor. The Company's portfolio (excluding properties treated as "held for sale") is comprised of 67 properties, with approximately 9.6 million square feet of GLA. In addition, the Company has an ownership interest in 22 properties, with approximately 3.7 million square feet of GLA, through its Cedar/RioCan joint venture in which the Company has a 20% interest. Forward-Looking Statements Statements made or incorporated by reference in this press release may include certain "forward-looking statements," which are based on certain assumptions and describe the Company's future plans, strategies and expectations and, as such, may involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Factors which could have a material adverse effect on the operations and future prospects of the Company include, but are not limited to, those set forth under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 and in its other reports filed from time to time with the Securities and Exchange Commission. The Company assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.