VER - Vereit to redeem 4M shares of series F preferred stock next month

Vereit (VER) plans to redeem on Jan. 15, 2021 4M shares of its 6.70% series F cumulative redeemable preferred stock, representing ~21.2% of its ~18.9M shares of series F preferred stock outstanding.Vereit will redeem the series F preferred at a redemption price of $25.00 per share.That comes on top of Vereit's expected Q4 2020 to Q1 2021 property acquisition pipeline of $150M-$300M.The company previously said it expects property acquisition results to be at the high end of that range.

For further details see:

Vereit to redeem 4M shares of series F preferred stock next month