Glimcher Realty Trust calls $90 million of 8.125% series G preferreds

By Tali David

Minneapolis, March 28 - Glimcher Realty Trust plans to redeem 3.6 million shares, or $90 million, of its 8.125% series G cumulative redeemable preferred shares, according to a press release.

The preferreds will be redeemed at $25.00 per share plus accrued dividends, for a total payment of $25.1580 per share, or $90,568,800, on April 29.

Following the redemption, 4.7 million shares, or $117.5 million, remain outstanding.

Glimcher is a Columbus, Ohio-based real estate investment trust.

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