INDIANAPOLIS, Aug 29, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Simon Property Group, Inc.
(NYSE: SPG) announced today that it will redeem all of the outstanding shares
of its 7.89% Series G Cumulative Step-Up Premium Rate Preferred Stock
(NYSE: SPGPrG) (CUSIP 828806505) on October 2, 2007. The Series G Preferred
will be redeemed at a redemption price of $50.00 per share plus accrued and
unpaid distributions to the redemption date, or a total of $50.011 per share.
The notice of redemption will be mailed to record holders of the Series G
Preferred as of today, August 29, 2007.
For further information, holders of Series G Preferred should contact
Mellon Investor Services, LLC, the redemption agent (toll free) at
1-800-777-3674, or their respective banks or brokers. Copies of the documents
necessary to effect the tender of Series G Preferred for redemption may be
obtained without charge from the redemption agent.
Simon Property Group, Inc. is an S&P 500 company and the largest public
U.S. real estate company. Simon is a fully integrated real estate company
which operates from five retail real estate platforms: regional malls, Premium
Outlet Centers(R), The Mills(R), community/lifestyle centers and international
properties. It currently owns or has an interest in 380 properties comprising
258 million square feet of gross leasable area in North America, Europe and
Asia. The Company is headquartered in Indianapolis, Indiana and employs more
than 5,000 people worldwide. Simon Property Group, Inc. is publicly traded on
the NYSE under the symbol SPG. For further information, visit the Company's
website at www.simon.com.
SOURCE Simon Property Group, Inc.
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