CarrAmerica Realty Corp., Washington, has called for the redemption of 2.0 million shares of its 8.57% series B cumulative redeemable preferred stock at $25 per share plus accrued and unpaid dividends.The company said the redemption, representing about 69.3% of the outstanding series B preferred stock, will be made on an approximately pro rata basis from all holders. Including accrued and unpaid dividends (without interest) from March 1, 2003, through the March 18 redemption date, the redemption price will total about $25.11 per share. Citibank NA will be the paying agent. CarrAmerica, which owns, operates, and develops office properties in 12 markets around the country, can be found on the Web at http://www.carramerica.com.
Processing Content
