COPT Prices Preferred Stock Offering

Published July 14, 2006, 2:00 p.m. EDT

1 Min Read

Corporate Office Properties Trust, a real estate investment trust based in Columbia, Md., has priced an offering of 3.0 million shares of 7.625% series J cumulative redeemable preferred stock at $25 per share.The issue is expected to produce gross proceeds of $72.4 million, the office REIT said. The underwriters were granted an option to buy up to 450,000 additional shares to cover any overallotments. Wachovia Capital Markets LLC was the book-running manager of the issue. The REIT can be found online at http://www.copt.com.

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