BOSTON, March 1, 2021 /PRNewswire/ -- STAG
Industrial, Inc. (the "Company") (NYSE:STAG) today provided
notice to the holders of its 6.875% Series C Cumulative Redeemable
Preferred Stock (NYSE: STAG-PC) (the "Series C Preferred Stock") of
the redemption of all 3,000,000 outstanding shares of the Series C
Preferred Stock.
The Company will redeem the Series C Preferred Stock for a cash
redemption price of $25.00 per share,
plus accrued and unpaid dividends to but excluding the redemption
date, without interest. The redemption date will
be March 31, 2021. On the redemption date, dividends on
the Series C Preferred Stock will cease to accrue.
All shares of Series C Preferred Stock are held in book entry
form, through the Depository Trust Company ("DTC"). Accordingly,
the redemption of the Series C Preferred Stock, including payment
of the redemption price, will be completed according to DTC's
procedures. A notice of redemption and related materials were
mailed today to the holders of record. Please direct any
questions about the notice of redemption and related materials to
Continental Stock Transfer & Trust Co. at (917) 262-2378.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust focused
on the acquisition, ownership and operation of single-tenant,
industrial properties throughout the
United States. As of December 31,
2020, the Company's portfolio consists of 492 buildings in
39 states with approximately 98.2 million rentable square feet.
For additional information, please visit the Company's website
at www.stagindustrial.com.
Forward-Looking Statements
This press release, together with other statements and
information publicly disseminated by the Company, contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company intends
such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and includes this
statement for purposes of complying with these safe harbor
provisions. Forward-looking statements, which are based on certain
assumptions and describe the Company's future plans, strategies and
expectations, are generally identifiable by use of the words
"believe," "will," "expect," "intend," "anticipate," "estimate,"
"should," "project" or similar expressions. Forward-looking
statements in this press release include, among others, statements
about the expected redemption, including the redemption date.
You should not rely on forward-looking statements since they
involve known and unknown risks, uncertainties and other factors
that are, in some cases, beyond the Company's control and which
could materially affect actual results, performances or
achievements. Factors that may cause actual results to differ
materially from current expectations include, but are not limited
to, the risk factors discussed in the Company's annual report on
Form 10-K for the year ended December 31,
2020 as updated by the Company's quarterly reports on Form
10-Q. Accordingly, there is no assurance that the Company's
expectations will be realized. Except as otherwise required by the
federal securities laws, the Company disclaims any obligation or
undertaking to publicly release any updates or revisions to any
forward-looking statement contained herein (or elsewhere) to
reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based.
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SOURCE STAG Industrial, Inc.