OAK BROOK, Ill., Oct. 26, 2017 /PRNewswire/ --Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") announced today that it will redeem all 5,400,000 outstanding shares of its 7.00% Series A Cumulative Redeemable Preferred Stock (CUSIP 76131V 608) (the "Series A Preferred Stock") on December 20, 2017 (the "Redemption Date").
The Series A Preferred Stock will be redeemed for cash at a redemption price of $25.00 per share, plus $0.3840 per share representing all accrued and unpaid dividends up to, but excluding, the Redemption Date, without interest.
Dividends on the shares of the Series A Preferred Stock will cease to accrue on the Redemption Date. Upon redemption, the shares of the Series A Preferred Stock will no longer be outstanding and all rights of the holders of such shares will terminate, except the right of the holders to receive the cash payable upon such redemption, without interest. Upon redemption, the Series A Preferred Stock will no longer trade on the New York Stock Exchange. The Series A Preferred Stock currently trades on the New York Stock Exchange under the symbol "RPAI PrA".
All shares of the Series A Preferred Stock are held in book-entry form through the Depository Trust Company ("DTC") and will be redeemed in accordance with DTC's procedures. Payment for the shares of the Series A Preferred Stock will be made by Computershare, Inc. as redemption agent. Questions regarding the redemption of the Series A Preferred Stock can be directed to Computershare, Inc., 250 Royall Street, Canton, MA 02021, Attention: Corporate Actions, telephone number (800) 962-4284.
ABOUT RPAI
Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located shopping centers in the United States. As of June 30, 2017, the Company owned 132 retail operating properties representing 23.3 million square feet. The Company is publicly traded on the New York Stock Exchange under the ticker symbol RPAI. Additional information about the Company is available at www.rpai.com.
Contact INFORMATION
Michael Fitzmaurice
Senior Vice President - Finance
(630) 634-4233
fitzmaurice@rpai.com
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SOURCE Retail Properties of America, Inc.