Simon Property calls 7.89% cumulative preferreds

By Jennifer Chiou

New York, Aug. 29 - Simon Property Group, Inc. announced the redemption of its 7.89% series G cumulative step-up premium rate preferred stock.

The company will redeem the preferreds at $50.00 per share plus accrued distributions to the Oct. 2 redemption date, for a total of $50.11 per share.

Mellon Investor Service, LLC (800 777-3674) is the redemption agent.

Simon Property Group is an Indianapolis real estate investment trust focused on regional malls, outlet centers and community or lifestyle centers.

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