Simon Property Group Announces Redemption of 8 3/4% Series F Cumulative Redeemable Preferred Stock
INDIANAPOLIS, Aug 30, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Simon Property Group, Inc.
(NYSE: SPG) announced today that it will redeem all 8,000,000 of the
outstanding shares of its 8 3/4% Series F Cumulative Redeemable Preferred
Stock (NYSE: SPGPrF) (CUSIP 828806604) on October 4, 2006. The Series F
Preferred will be redeemed at a redemption price of $25.00 per share plus
accrued and unpaid distributions to the redemption date, or a total of
$25.01823 per share. The notice of redemption will be mailed to record
holders of the Series F Preferred as of today, August 30, 2006.
For further information, holders of Series F 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 F Preferred for redemption may be
obtained without charge from the redemption agent.
Simon Property Group, Inc., an S&P 500 company headquartered in
Indianapolis, Indiana, is a real estate investment trust engaged in the
ownership, development and management of retail real estate, primarily
regional malls, Premium Outlet(R) centers and community/lifestyle centers.
The Company's current total market capitalization is approximately $42
billion. Through its subsidiary partnership, it currently owns or has an
interest in 284 properties in the United States containing an aggregate of 200
million square feet of gross leasable area in 38 states plus Puerto Rico.
Simon also owns interests in 52 European shopping centers in France, Italy,
and Poland; 5 Premium Outlet centers in Japan; and one Premium Outlet center
in Mexico. Additional Simon Property Group information is available at
http://www.simon.com . Simon Property Group, Inc. is publicly traded on the
NYSE under the symbol SPG.
SOURCE Simon Property Group, Inc.
Investors: Shelly Doran 317-685-7330
Media: Les Morris 317-263-7711 both of
Simon Property Group, Inc.