Convertibles Calendar

June 20 week

RECKSON ASSOCIATES REALTY CORP. (Symbol: RA) $200 million exchangeable senior debentures due 2025, with $30 million greenshoe; to price on June 22; price talk is for a coupon of 3.75% to 4%, with an initial conversion premium of 25% to 27%; non-callable for five years, with puts in years five, 10, and 15; bookrunner is Citigroup Global Markets Inc.; proceeds to be used for repayment of short-term floating-rate borrowings.

WINDROSE MEDICAL PROPERTIES TRUST (Symbol: WRS) $50 million off-the-shelf cumulative convertible preferred shares to price June 24; shares par $25; placement agent Cohen & Steers Advisors LLC; proceeds to be used for repayment of debt under syndicated line of credit, for general corporate purposes and to fund future acquisitions.

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