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STAG Industrial announced the redemption of all 3,000,000 shares of its 6.875% Series C Cumulative Redeemable Preferred Stock, effective March 31, 2021, at a cash price of $25.00 per share, plus accrued dividends. The shares, held in book entry form via the Depository Trust Company, will cease to accrue dividends on the redemption date. This redemption is part of the company's financial strategy and has been communicated to holders of record. As of December 31, 2020, STAG Industrial manages a portfolio of 492 industrial properties across 39 states.
