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| CBL > SEC Filings for CBL > Form 8-K on 5-Oct-2012 | All Recent SEC Filings |
5-Oct-2012
Other Events, Financial Statements and Exhibits
On October 5, 2012, CBL & Associates Properties, Inc. (the "Company") announced it is calling for redemption all 460,000 outstanding shares of 7.75% Series C Cumulative Redeemable Preferred Stock ("Series C Shares"), and all outstanding depositary shares ("Depositary Shares"), each representing 1/10th of a Series C Share (NYSE: CBLPrC - CUSIP No.: 124830-50-6).
The redemption date will be November 5, 2012. The Series C Shares will be redeemed in whole at a redemption price of $250.00 per Series C Share, plus accrued and unpaid dividends to and including the redemption date in the amount of $1.9375 per Series C Share, for a total payment of $251.9375 per Series C Share. The Depositary Shares representing Series C Shares will be redeemed in whole at a redemption price of $25.00 per Depositary Share, plus accrued and unpaid dividends to and including the redemption date in the amount of $0.19375 per Depositary Share, for a total payment of $25.19375 per Depositary Share. In connection with the redemption, the Company will incur a charge of $3.8 million in the fourth quarter 2012 to write off direct issuance costs related to the Series C Shares and Depositary Shares.
A copy of the Company's press release announcing the redemption of the Series C Shares and Depositary Shares is attached hereto as Exhibit 99.1.
(a) Financial Statements of Businesses Acquired
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c) Shell Company Transactions
Not applicable
(d) Exhibits
Exhibit Number Description
99.1 Press Release - CBL Announces Redemption of 7.75% Series C
Cumulative Redeemable Preferred Stock
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