Orlando, Florida, May 22, 2013 – National Retail Properties, Inc. (NYSE: NNN) (the “Company”) today announced that it has priced an underwritten public offering of 10,000,000 depositary shares, each representing a 1/100th interest in a share of its newly designated 5.70% Series E Cumulative Redeemable Preferred Stock, at a price of $25.00 per depositary share. As part of the offering, the Company granted the underwriters a 30-day option to purchase an additional 1,500,000 depositary shares to cover over-allotments, if any. The offering is expected to close on or about May 30, 2013, subject to customary closing conditions. The Company intends to apply to list the depositary shares on the New York Stock Exchange under the symbol “NNNPRE”. If its application is approved, the Company expects trading of the depositary shares on the New York Stock Exchange to commence within the 30-day period after the initial delivery of the depositary shares.
To read the full press release, click here.