ATLANTA, GA--Cousins Properties Incorporated (NYSE: CUZ)
announced today that it will redeem all 2,993,090 issued and outstanding shares
of 7.75% Series A Cumulative Redeemable Preferred stock (the “Series A
Preferred Stock”).
The redemption date (the “Redemption Date”) will be May 13,
2013. The Series A Preferred Stock (NYSE: CUZ PR A - CUSIP: 222795304) will be
redeemed in whole at the par value of $25.00 per share of Series A Preferred
Stock (the “Redemption Price”).
The Redemption Price does not include the $0.484375 per
share quarterly dividend that will be paid separately on or before May 15, 2013
to holders of record of the Series A Preferred Stock on May 1, 2013.
From and after the
Redemption Date, dividends on the Series A Preferred Stock will cease to accrue
and the only remaining right of the holders of shares of the Series A Preferred
Stock will be to receive payment of the Redemption Price and such quarterly
dividend.
The notice of redemption will be mailed to holders of record
of the Series A Preferred Stock on April 11, 2013.
This press release
does not constitute an offer of any securities for sale.
For a complete copy of the company’s news release, please
contact:
Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Vice President of Investor Relations and Corporate
Communications
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