Issuer:
|
First Industrial Realty Trust, Inc. (Ticker: FR) | |
Security:
|
Depositary shares each representing 1/10,000 of a share of 7.25% Series K Cumulative Redeemable Preferred Stock liquidation preference equivalent to $25.00 per depositary share | |
Size:
|
2,000,000 depositary shares; $50,000,000 | |
Over-allotment option:
|
None | |
Expected
Ratings:
|
Baa3/BBB- | |
Maturity:
|
Perpetual | |
Call date:
|
On or after August 15, 2011 | |
Payment dates:
|
Initially September 30, 2006 and quarterly thereafter | |
Type of security:
|
SEC registered | |
Public offering price:
|
$25.00 per depositary share, plus accrued dividends, if any, from date of original issuance | |
Expected net proceeds after deducting underwriting discounts and commissions and estimated
transaction expenses payable by First Industrial: |
$48,225,000 |
Dividend Rate:
|
7.25% of the liquidation preference per annum; $1.8125 per annum per depositary share, cumulative from date of original issuance | |
Expected listing:
|
NYSE under symbol FRPrK | |
Settlement date:
|
August 21, 2006 | |
Managers:
|
Wachovia Capital Markets, LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Credit Suisse Securities (USA) LLC J.P. Morgan Securities Inc. BB&T Capital Markets, a division of Scott & Stringfellow Inc. Raymond James & Associates, Inc. |