ATLANTA--(BUSINESS WIRE)--
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. Questions relating to the
notice of redemption should be directed to American Stock Transfer &
Trust Company, LLC, the Company’s transfer agent and the paying agent
(the “Redemption Agent”) for the redemption of the Series A Preferred
Stock. The address of the Redemption Agent is American Stock Transfer &
Trust Company, LLC, Corporate Actions Group, 6201 15th Avenue, Brooklyn,
NY 11219.
Cousins Properties Incorporated is a leading diversified real estate
company with extensive experience in development, acquisition,
financing, management and leasing. Based in Atlanta, the Company
actively invests in office and retail projects. Since its founding in
1958, Cousins has developed 20 million square feet of office space and
20 million square feet of retail space. Cousins has built and maintained
an industry-wide reputation for innovative and sustainable developments,
premium management services and top quality leadership. Cousins
Properties is a fully integrated equity real estate investment trust
(REIT) and trades on the New York Stock Exchange under the symbol CUZ.
This press release does not constitute an offer of any securities for
sale. Certain matters discussed in this press release are
forward-looking statements within the meaning of the federal securities
laws and are subject to uncertainties and risk and actual results may
differ materially from projections. Readers should carefully review
Cousins’ financial statements and notes thereto, as well as the risk
factors described in Part I, Item 1A of the Company’s Annual Report on
Form 10-K for the year ended December 31, 2012 and other documents
Cousins files from time to time with the Securities and Exchange
Commission. Such forward-looking statements are based on current
expectations and speak as of the date of such statements. Cousins
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of future events, new
information or otherwise.
Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Vice
President of Investor Relations and Corporate Communications
camerongolden@cousinsproperties.com
www.cousinsproperties.com
Source: Cousins Properties Incorporated