0001029800-17-000042.txt : 20170920 0001029800-17-000042.hdr.sgml : 20170920 20170920160548 ACCESSION NUMBER: 0001029800-17-000042 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170918 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170920 DATE AS OF CHANGE: 20170920 FILER: COMPANY DATA: COMPANY CONFORMED NAME: URSTADT BIDDLE PROPERTIES INC CENTRAL INDEX KEY: 0001029800 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042458042 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12803 FILM NUMBER: 171094104 BUSINESS ADDRESS: STREET 1: C/O URSTADT BIDDLE PROPERTIES INC. STREET 2: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038638200 MAIL ADDRESS: STREET 1: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: HRE PROPERTIES INC DATE OF NAME CHANGE: 19961230 8-K 1 form8kseriesfredemption.htm FORM 8-K SERIES F REDEMPTION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
__________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): September 18, 2017
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URSTADT BIDDLE PROPERTIES INC.
(Exact Name of Registrant as Specified in Charter)
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STATE OF MARYLAND
(State or Other Jurisdiction
of Incorporation)
1-12803
(Commission File Number)
04-2458042
(I.R.S. Employer
Identification No.)

321 Railroad Avenue, Greenwich, CT
(Address of Principal Executive Offices)
 
06830
(Zip Code)

(203) 863-8200
(Registrant's telephone number, including area code)

N/A
(Former Name or Former address, if Changed Since Last Report)
__________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 8.01      Other Events.
On September 18, 2017, Urstadt Biddle Properties Inc. (the "Company") called for redemption all issued and outstanding shares of its 7.125% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") on October 24, 2017 (the "Redemption Date").  The redemption price will be $25 per share, plus $0.410677 per share, the amount equal to all dividends accrued and unpaid thereon from August 1, 2017 to, but not including, the Redemption Date.  The Company previously declared a regular quarterly dividend on the Series F Preferred Stock for payment on October 31, 2017; that dividend will not be payable because all outstanding shares of the Series F Preferred Stock will be redeemed prior to the applicable record date for the dividend. The Series F Preferred Stock is in book-entry form; the notice of redemption was mailed to the record holder of the Series F Preferred Stock on September 18, 2017.
A copy of the press release announcing the redemption is filed as Exhibit 99.1 hereto and is incorporated by reference herein.
Item 9.01      Financial Statements and Exhibits.
(a)
Not applicable
 
 
(b)
Not applicable
 
 
(c)
Not applicable
 
 
(d)
The following exhibits are filed as part of this report:
 
 
   Exhibit 99.1  Press Release of Urstadt Biddle Properties Inc. dated September 18, 2017.
 
 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
URSTADT BIDDLE PROPERTIES INC.
 
(Registrant)
 
 
 
 
DATE: September 20, 2017
By:  /s/ John T. Hayes
 
John T. Hayes
 
Senior Vice President & Chief Financial Officer
 
 
 
 

EXHIBIT INDEX


Exhibit No
Description
   
Exhibit 99.1 

EX-99.1 2 exhibit99_1.htm UBP SERIES F REDEMPTION PRESS RELEASE

Exhibit 99.1
Press Release
Urstadt Biddle Properties Inc. Announces Redemption of 7.125% Series F Cumulative Redeemable Preferred Stock
              Company Release - 9/18/2017 
GREENWICH, Conn.--(BUSINESS WIRE)-- On September 18, 2017, Urstadt Biddle Properties Inc. ("UBP") (NYSE: UBPPRF), issued a notice of redemption to the registered holders of its 7.125% Series F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock"). UBP will redeem all 5,175,000 outstanding shares of the Series F Preferred Stock on October 24, 2017, the redemption date. The Series F Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus $0.410677 per share, the amount equal to all dividends accrued and unpaid on a share of the Series F Preferred Stock from August 1, 2017 to, but not including, the redemption date.
Dividends on the Series F Preferred Stock will cease to accrue on the redemption date. From and after the redemption date, the Series F Preferred Stock will no longer be deemed to be outstanding, and all rights of the holders will terminate, except only the right of the holders to receive, from and after the redemption date, the redemption price, without interest. Because the redemption is a redemption in full, the Series F Preferred Stock will be delisted from trading on the New York Stock Exchange.  UBP previously declared a regular quarterly dividend on the Series F Preferred Stock for payment on October 31, 2017; that dividend will not be payable because all outstanding shares of the Series F Preferred Stock will be redeemed prior to the applicable record date for the dividend.
All shares of the Series F Preferred Stock are held in book-entry form through the Depository Trust Company ("DTC") and will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Series F Preferred Stock will be made by Computershare Trust Company, N.A. as redemption agent. The address for the redemption agent is as follows: Computershare Trust Company, N.A., c/o Computershare Inc., 250 Royall Street, Canton, MA 02021; Attention: Reorganization Department, Phone: (800) 546-5141.

About Urstadt Biddle Properties Inc.
Urstadt Biddle Properties Inc. is a self-administered equity real estate investment trust which owns or has equity interests in 81 properties containing approximately 5.1 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties. It has paid 190 consecutive quarters of uninterrupted dividends to its shareholders since its inception and has raised total dividends to its shareholders for the last 23 consecutive years.
Urstadt Biddle Properties Inc.
Willing L. Biddle, President and Chief Executive Officer
John T. Hayes, Chief Financial Officer
203-863-820
 
Source: Urstadt Biddle Properties Inc.
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