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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Oct. 30, 2:53 PM

Slide #23. Inland Real Estate Corporation Secondary Offering

Company: Inland Real Estate Corporation (NYSE:IRC)
Date announced: 10/10/2014
Security type: 6.95% Series B Cumulative Redeemable Preferred Stock (IRC.PRB)
Shares Offered: 4,000,000
Date of Pricing: 10/10/2014
Price Per Share: $25
Secondary Offering Details: Inland Real Estate Corporation (NYSE:IRC) (the "Company") today announced that it has priced an underwritten public offering of 4,000,000 shares of its 6.95% Series B Cumulative Redeemable Preferred Stock ("Series B Preferred Stock") at a public offering price of $25.00 per share, for net proceeds of approximately $96.85 million, after deducting the underwriting discount but before expenses. The offering, which is subject to customary closing conditions, is expected to close on October 16, 2014.

Inland Real Estate is a real estate investment trust that owns, operates and develops (directly or through its unconsolidated entities) open-air neighborhood, community and shopping centers and single-tenant retail properties. Co. owns investment properties located in the States of Florida, Illinois, Indiana, Minnesota, Nebraska, Ohio, and Wisconsin. As of Dec 31 2013, Co. owned interests in 157 investment properties, including those owned through its unconsolidated joint ventures, comprised of: 53 neighborhood retail centers; 31 community centers; 36 power centers; one lifestyle center; and 36 single-user properties.

Preferred: IRC.PRA


Open the IRC Page at The Online Investor »

Company Name:  Inland Real Estate Corp
Website:  www.inlandrealestate.com
Sector:  REITs
Number of ETFs Holding IRC:  47
Total Market Value Held by ETFs:  $162.48M
Total Market Capitalization:  $1.05B
% of Market Cap. Held by ETFs:  15.42%
 

Open the IRC Page at The Online Investor (in a new window) »

October 30, 2014    2:53 PM Eastern
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