ESCONDIDO, Calif., Sept. 16, 2014 /PRNewswire/ -- Realty Income
Corporation (Realty Income), The Monthly Dividend
Company®, (NYSE: O), today announced that it intends
to redeem all 8,800,000 shares outstanding of the company's 6.75%
Monthly Income Class E Cumulative Redeemable Preferred stock (NYSE:
OprE – CUSIP no. 756109-708) (the "Class E Preferred Stock").
The shares will be redeemed at $25
per share (par), plus accrued and unpaid dividends to the planned
redemption date of October 24, 2014.
The redemption agent will be Wells Fargo Shareowner Services.
Further details regarding the redemption will be included in the
notice of redemption and the letter of transmittal that the company
will send to the record holders of the Class E Preferred Stock.
Realty Income is The Monthly Dividend Company®, a
New York Stock Exchange real estate company dedicated to providing
shareholders with dependable monthly income. As of August 31, 2014, the company had paid 529
consecutive monthly dividends throughout its 45-year operating
history. The monthly income is supported by the cash flows from
over 4,200 properties owned under long-term lease agreements with
228 leading regional and national commercial tenants. The company
is an active buyer of net-leased properties nationwide. Additional
information about the company can be obtained from the corporate
website at www.realtyincome.com or
www.twitter.com/realtyincome.
Forward-Looking Statements
Statements in this press release that are not strictly historical
are "forward-looking" statements. Forward-looking statements
involve known and unknown risks, which may cause the company's
actual future results to differ materially from expected results.
These risks include, among others, general economic conditions,
local real estate conditions, tenant financial health, the
availability of capital to finance planned growth, continued
volatility and uncertainty in the credit markets and broader
financial markets, property acquisitions and the timing of these
acquisitions, charges for property impairments, and the outcome of
legal proceedings to which the company is a party, as described in
the company's filings with the Securities and Exchange Commission.
Consequently, forward-looking statements should be regarded solely
as reflections of the company's current operating plans and
estimates. Actual operating results may differ materially from what
is expressed or forecast in this press release. The company
undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date these statements
were made.
Note to Editors: Realty Income press releases are
available on the internet at
http://www.realtyincome.com/invest/newsroom-library/press-releases.shtml
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SOURCE Realty Income Corporation