UPDATE–This will be just a partial redemption of the issue–amount yet to be determined.
REIT VEREIT (VER) has announced a new senior note offering with the intent to call the 6.70% perpetual VER-F, monthly paying preferred.
This has been a favorite of mine–another one gone. It looks like a small loss of capital this morning as the shares are trading at $25.48–the monthly dividend is about 14 cents. This is a case where I have held a small position knowing the call risk was there–but which I chose to incur for the 6.70% coupon–I have held it for a fairly long time.