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Published on 6/17/2011 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Duke Realty calls 7.25% series N preferreds, depositary shares

By Toni Weeks

San Diego, June 17 - Duke Realty Corp. has issued a call to fully redeem its 434,520 7.25% series N cumulative redeemable preferred shares and the 4,345,200 depositary shares representing the series N preferred shares, according to a news release.

The redemptions will occur July 18.

The preferreds will be redeemed at $250.00 per share. The depositary shares will be redeemed at $25.00 plus accrued dividends of $0.090625 per share.

The redemption agent is American Stock Transfer and Trust Co., LLC (800 937-5449).

Duke Realty is an Indianapolis-based industrial, office and retail property company.


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