Essex Property calls all 7.125% preferreds for redemption on April 15

By Wendy Van Sickle

Columbus, Ohio, March 10 – Essex Property Trust, Inc. will redeem all 2.95 million outstanding shares of its 7.125% series H cumulative redeemable preferred stock on April 15, according to a press release.

The shares will be redeemed at a $25 each plus the regular quarterly dividend of $0.44531 due on the redemption date to holders of record as of April 1.

The real estate investment trust for apartment communities is based in Palo Alto, Calif.

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