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Reckson Associates Realty Corp., 7 5/8% Convertible Cumul Preferred Stock A (RAPRA)

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Sector:
FINANCE
Industry:
REAL ESTATE & REITS
SIC:
REAL ESTATE INVESTMENT TRUSTS
225 BROADHOLLOW RD MELVILLE, NY 11747

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Reckson Associates Realty Corp., 7 5/8% Series A Convertible Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/13/2003 at $25.95313 per share declining to $25 by 4/13/2008 (see page S-50 of the prospectus for schedule), plus accrued and unpaid dividends, with no stated maturity, and with distributions of 7 5/8% per annum paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. The preferred shares are convertible any time at the holder's option into an adjusted 0.8769 common shares of Reckson Associates Realty Corp. (NYSE: RA), an adjusted conversion price of $28.51 per common share. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company.
All 13F Filers Prior Change Hedge Funds 1 Prior Change
InvestorHistoryShares Held or Principal AmtMarket Value% of PortfolioPrevious % of PortfolioRankChange in Shares% OwnershipQtr 1st OwnedEst. Avg PriceSourceSource DateDate Reported
No data available