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By Ru Back Packer Staff, updated Sunday, January 28, 9:11 AM

Slide #357. Vornado Realty Trust Preferred Stock Offering

Company: Vornado Realty Trust (NYSE:VNO)
Date announced: 1/17/2013
Underwriters: BofA Merrill Lynch, Citigroup, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities
Security type: 5.40% Series L Cumulative Redeemable Preferred Shares (NYSE:VNO.PRL)
$Amount Offered: $300,000,000
Date of Pricing: 1/17/2013
Price Per Share: $25.00
Preferred Stock Offering Details: Vornado Realty Trust announced the pricing of a public offering of $300 million perpetual 5.40% Series L Cumulative Redeemable Preferred Shares, at a price of $25.00 per share, pursuant to an effective registration statement. The offering is expected to close January 25, 2013. The Company may redeem the Series L Preferred Shares at a redemption price of $25.00 per share on and after January 25, 2018. BofA Merrill Lynch, Citigroup, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities, acted as joint book-running managers. The Company has granted the underwriters an option exercisable within 30 days to purchase up to an additional $45 million 5.40% Series L Cumulative Redeemable Preferred Shares at a price of $25.00 per share.

Vornado Realty Trust is a real estate investment trust. Co. conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L.P. Co. owns and operates office and retail properties in New York and Washington, DC/ Northern Virginia area. As of Dec 31 2016, Co. owned all or portions of, among others: office space in 36 properties, retail space in 70 properties, 12 residential properties and Hotel Pennsylvania in New York, a 32.4% interest in Alexander's, Inc. that owned seven properties in New York, office space and residential properties in Washington DC, theMart in Chicago, and a 70.0% controlling interest in an office complex in San Francisco.


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Name: Vornado Realty Trust
Sector: REITs
Number of ETFs Holding VNO: 85 (see which ones)
Total Market Value Held by ETFs: $2,607,376,504
Total Market Capitalization: $13,812,000,000
% of Market Cap. Held by ETFs: 18.88%

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