Monmouth Real Estate's 7.875% series B preferreds to begin trading

By Susanna Moon

Chicago, June 7 - Monmouth Real Estate Investment Corp.'s 7.875% series B cumulative redeemable preferred shares were admitted for trading on the New York Stock Exchange under the ticker symbol "MNR PR B."

The company priced $50 million of the preferreds on June 1 with a $7.5 million over-allotment option.

The public offering price was $25 per share. Underwriters received a 78.75-cent discount.

Monmouth is a Freehold, N.J.-based real estate investment trust specializing in net-leased industrial properties.

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