Taubman Centers calls all 8.3% series A preferreds

By Jennifer Chiou

New York, April 18 - Taubman Centers, Inc. announced the redemption of all $113 million of its 8.3% series A cumulative redeemable preferred stock, according to a company news release.

Taubman Centers will redeem the stock at $25.00 per share plus $0.2709028 in accrued dividends on May 18.

Mellon Investor Services will answer questions on the redemption (800 777-3674).

The company said it will use the proceeds of a $113 million issue of series I preferred stock for the redemption.

Based in Bloomfield Hills, Mich., Taubman Centers is a shopping center-focused real estate investment trust.

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