Published:
Holders of Simon Property Group Series I Preferred Stock May Elect to Convert During 2008 Third Fiscal Quarter
INDIANAPOLIS, June 30 /PRNewswire-FirstCall/ -- Simon Property Group, Inc.
(the "Company") (NYSE: SPG) today announced that holders of the Company's
Series I 6% Convertible Perpetual Preferred Stock (NYSE: SPGPrI) ("Preferred
Stock") may elect to convert their shares during the quarter beginning on July
1, 2008 and ending on September 30, 2008 because the closing sale price of the
Company's Common Stock exceeded $78.30, or 125% of the applicable conversion
price, for at least 20 trading days in a period of 30 consecutive trading days
ending on the last trading day of the prior quarter, June 30, 2008. At the
current conversion price, each share of Preferred Stock is convertible into
0.798212 of a share of Simon Property Group Common Stock.
For further information, holders of the Preferred Stock should contact BNY
Mellon Shareowner Services, the conversion agent (toll free) at
1-800-957-3110, or their respective banks or brokers. Copies of documents
necessary to effect tender of Series I Preferred for conversion may be
obtained without charge from the conversion agent.
About Simon Property Group
Simon Property Group, Inc. is an S&P 500 company and the largest public
U.S. real estate company. Simon is a fully integrated real estate company
which operates from five retail real estate platforms: regional malls, Premium
Outlet Centers(R), The Mills(R), community/lifestyle centers and international
properties. It currently owns or has an interest in 383 properties comprising
261 million square feet of gross leasable area inNorth America,Europe and
Asia. The Company is headquartered inIndianapolis, Indiana and employs more
than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on
the NYSE under the symbol SPG. For further information, visit the Company's
website at www.simon.com .
SOURCE Simon Property Group, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Banking and Finance, Real Estate, Wal Mart, Sears, Nordstrom and other Retail, indiana
_ _Is your favorite bookmark site missing?
Ask for it.
Search News
Daily News
