URSTADT BIDDLE PROPERTIES INC. (NYSE:UBA) Files An 8-K Other EventsItem 8.01 Other Events.
On September 18, 2017, Urstadt Biddle Properties Inc. (the "Company") called for redemption all issued and outstanding shares of its 7.125% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") on October 24, 2017 (the "Redemption Date"). The redemption price will be $25 per share, plus $0.410677 per share, the amount equal to all dividends accrued and unpaid thereon from August 1, 2017 to, but not including, the Redemption Date. The Company previously declared a regular quarterly dividend on the Series F Preferred Stock for payment on October 31, 2017; that dividend will not be payable because all outstanding shares of the Series F Preferred Stock will be redeemed prior to the applicable record date for the dividend. The Series F Preferred Stock is in book-entry form; the notice of redemption was mailed to the record holder of the Series F Preferred Stock on September 18, 2017.
A copy of the press release announcing the redemption is filed as Exhibit 99.1 hereto and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
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Not applicable |
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Not applicable |
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Not applicable |
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The following exhibits are filed as part of this report: |
| Exhibit 99.1 | Press Release of Urstadt Biddle Properties Inc. dated September 18, 2017. |
URSTADT BIDDLE PROPERTIES INC ExhibitEX-99.1 2 exhibit99_1.htm UBP SERIES F REDEMPTION PRESS RELEASE Exhibit 99.1 Press Release Urstadt Biddle Properties Inc. Announces Redemption of 7.125% Series F Cumulative Redeemable Preferred Stock Company Release – 9/18/2017 GREENWICH,…To view the full exhibit click here
About URSTADT BIDDLE PROPERTIES INC. (NYSE:UBA)
Urstadt Biddle Properties Inc. is a real estate investment trust. The Company is engaged in the acquisition, ownership and management of commercial real estate. The Company’s primary business is the ownership of real estate investments, which consist principally of investments in income-producing properties, with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York. Its properties consist of neighborhood and community shopping centers and seven office buildings. It seeks to identify desirable properties for acquisition, which it acquires in the normal course of business. It owns or has equity interests in approximately 70 properties consisting of neighborhood and community shopping centers, office buildings, single tenant retail or restaurant properties and office/retail mixed use properties located in over four states throughout the United States, containing a total of approximately 4.9 million square feet of gross leasable area.
